Reference no: EM132587625
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020.
Common Stock ($6 stated value) $2,028,000
Paid-in Capital in Excess of Par-Preferred Stock 280,000
Paid-in Capital in Excess of Stated Value-Common Stock 946,000
Preferred Stock (8%, $104 par) 535,600
Retained Earnings 1,150,000
Treasury Stock (12,000 common shares) 144,000
Question 1: Prepare the stockholders' equity section of the balance sheet at December 31, 2020.