Question

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Bramble Corp. at December 31, 2022.

Common Stock ($4 stated value)		$3,200,000
Paid-in Capital in Excess of Par Value—Preferred Stock		90,000
Paid-in Capital in Excess of Stated Value—Common Stock		2,100,000
Preferred Stock (7%, $100 par, noncumulative)		1,200,000
Retained Earnings		2,668,000
Treasury Stock (24,000 common shares)		144,000

Prepare the stockholders’ equity section of the balance sheet at December 31, 2022. (Enter account name only and do not provide descriptive information.)

Stockholders' Equity Paid-in Capital Capital Stock $ Preferred Stock $ Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Treasury Stock Less $ Total Stockholders' Equity

Answer 1

Stockholders' equity
Paid-in capital
Capital stock
Preferred stock	$        1,200,000
Common stock	$        3,200,000
Total capital stock		$        4,400,000
Additional paid-in capital
Paid-in capital in excess of par value-Preferred stock	$              90,000
Paid-in capital in excess of stated value-Common stock	$        2,100,000
Total additional Paid-in capital		$        2,190,000
Total paid-in capital		$        6,590,000
Retained earnings		$        2,668,000
Total paid-in capital and Retained earnings		$        9,258,000
Less : Treasury stock		$            144,000
Total stockholders' equity		$        9,114,000