Reference no: EM133109820

Question - The following accounts and balances are from the records of Student Corporation on December 31, 2018:

Preferred Stock, $100 par value, 9 percent cumulative, 10,000 shares authorized, 3,000 shares issued and outstanding $300,000

Common Stock, $12 par value, 45,000 shares authorized, 15,000 shares issued, and 14,250 shares outstanding 180,000

Additional Paid-in Capital, Common Stock 37,000

Additional Paid-in Capital, Common Stock 60,000

Retained Earnings 11,500

Treasury Stock, Common (750 shares, at cost) 15,000

Required - Prepare the stockholders' equity section of Student Corporation's balance sheet as of December 31, 2018.