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The Following Information Is Available for Anderson Company at December

Question 50

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The following information is available for Anderson Company at December 31,2016:
 Additional paid-in capital, common $490,000 Common stock, $5 par value, 40,000 shares issued 200,000 Dividends payable 415,000 Long-term investment in Jacobs Company 1,400,000 Marketable securities 610,000 Retained earnings 242,000 Treasury stock, common, 8,000 shares 176,000\begin{array}{ll}\text { Additional paid-in capital, common } & \$ 490,000 \\\text { Common stock, } \$ 5 \text { par value, } 40,000 \text { shares issued } & 200,000 \\\text { Dividends payable } & 415,000\\\text { Long-term investment in Jacobs Company }&1,400,000\\\text { Marketable securities } & 610,000 \\\text { Retained earnings } & 242,000 \\\text { Treasury stock, common, } 8,000 \text { shares } & 176,000\end{array}
Required:
Prepare the stockholders' equity section of a classified balance sheet at December 31,2016.Assume 400,000 shares of common stock are authorized to be issued.

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Common stock,$5 par ...

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