Reference no: EM133168501

Question - The following accounts appear in the ledger of Marin Inc. after the books are closed at December 31, 2022.

Common Stock (no-par, $2 stated value, 406,500 shares authorized, 275,500 shares issued) $551,000

Paid-in Capital in Excess of Stated Value-Common Stock 1,111,000

Preferred Stock ($55 par value, 8%, 48,500 shares authorized, 14,100 shares issued) 775,500

Retained Earnings 941,000

Treasury Stock (7,250 common shares) 64,450

Paid-in Capital in Excess of Par Value-Preferred Stock 25,950

Accumulated Other Comprehensive Loss 34,100

Required - Prepare the stockholders' equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion.