Exercise 11-13 Preparing stockholders' equity section LO P1, C2, P3, C3 In Draco Corporation's first year...

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Exercise 11-13 Preparing stockholders equity section LO P1, C2, P3, C3 In Draco Corporations first year of business, the fo

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	Draco Corporation
Stockholders equity section of the balance sheet
	31-Dec

Common stock $2 par value		11600
paid in capital in excess of par value-common stock		197200
Preferred stock - $10 par value		14500
paid in capital in excess of par value-preferred stock		44950
Retained earnings		44000
less: Cost of Treasury stock		-13920
total stockholder's Equity		298330

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