Reference no: EM131760030

Foyle Corporation has issued 105,600 shares of $6 par value common stock. It was authorized 508,700 shares. The paid-in capital in excess of par value on the common stock is $262,200. The corporation has reacquired 8,000 shares at a cost of $47,730 and is currently holding those shares.

The corporation also has 2,100 shares issued and outstanding of 10%, $105 par value preferred stock. It authorized 10,500 shares. The paid-in capital in excess of par value on the preferred stock is $26,100. Retained earnings is $370,700.

Prepare the stockholders' equity section of the balance sheet.