Reference no: EM131756646

Problem - See the data below for Alyssa Corporation as of 12/31/08:

Treasury stock, common (at cost)                        $4,000,000

Additonal paid-in capital, common                      9,000,000

Dividends payable                                                   100,000

Retained income                                                     12,000,000

Additional paid-in capital, preferred                   2,000,000

Common stock, $2.50 par value, 1.8 million shares authorized, 1.2 million shares issued of which 60,000 are held in the treasury 3,000,000 6% cumulative preferred stock, $40 par value callable at $42, authorized 100,000 shares, issued and outstanding 100,000 shares 4,000,000.

Prepare the stockholders' equity section of the balance sheeet as of 12/31/08.