The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Charlotte Corporation at December 31, 2012.Common Stock ($2 stated value, 1,800,000 shares authorized) ……$2,600,000Paid-in Capital in Excess of Par Value—Preferred Stock ………..158,000Paid-in Capital in Excess of Stated Value—Common Stock ………1,950,000Preferred Stock (8%, $50 par, noncumulative, 50,000 sharesauthorized) ……………………….900,000Retained Earnings …………………..1,958,000Treasury Stock—Common (20,000 shares) ……………80,000InstructionsPrepare the stockholders’ equity section of the balance sheet at December 31, 2012.View Solution:
The following stockholders equity accounts Charlotte Corporatio



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