Reference no: EM132546388

The following are selected accounts for the Wicomico Company after all Fiscal Year December 31, 2018, adjusting entries & closing entries have been posted. All balances are normal.

Account                                                Amount

Common Stock, $10 par                  $260,000

Treasury Stock, at cost $16 per share  32,000

Dividends Payable                             13,000

Paid in Capital in excess of par, Common Stock 52,000

Accounts Receivable                          24,500

Retained Earnings                               217,000

Bonds Payable                                     150,000

Preferred Stock, $100 par, 4% cumulative  100,000

Question 1: 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.