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Business, 09.03.2021 03:10 joseylynn2728

P13.5A (LO 3) Financial Statement The following stockholders’ equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2020. Common Stock ($5 stated value) $2,000,000
Paid-in Capital from Treasury Stock 10,000
Paid-in Capital in Excess of Par—Preferred Stock 679,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,600,000
Preferred Stock (8%, $50 par) 800,000
Retained Earnings 1,748,000
Treasury Stock (10,000 common shares) 130,000

Instructions
Prepare a stockholders’ equity section at December 31, 2020.

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