Reference no: EM132676586

The following are selected accounts for the Alpha Dog Company after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal.

Account                                                            Amount

Common Stock, $5 par                            $150,000
Treasury Stock, at cost $10 per share             20,000
Dividends Payable                                         5,000
Paid in Capital in excess of par, Common Stock   30,000
Paid in Capital in excess of par, Preferred Stock        3,500
Retained Earnings                                             140,000
Bonds Payable                                                  75,000
Preferred Stock, $100 par, 5% cumulative                 35,000

Problem 1: On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.