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The Following Selected Information Is Available for Lindale Corp Given the Above Information, Prepare the Stockholders' Equity Section of December

Question 116

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The following selected information is available for Lindale Corp.,as of December 31,2X13:

 Additional Paid-in Capital, Common$1,050,000 Additional Paid-in Capital, Preferred150,000 Common Stock, $1 par, 1,000,000 shares authorized,  480,000 shares issued? Dividends Payable 280,000 Long-term Investment in the Broomfield Company 400,000 Marketable Securities 60,000 Retained Earnings 1,800,000 Treasury Stock, Common, 20,000 shares 500,000 10 % Cumulative Preferred Stock, $25 par, callable at $ 28 ; 200,000 shares authorized, 100,000 shares issued and outstanding?\begin{array}{lr}\text { Additional Paid-in Capital, Common}&\$ 1,050,000 \\\text { Additional Paid-in Capital, Preferred}&150,000\\\text { Common Stock, \$1 par, 1,000,000 shares authorized, }\\\text { 480,000 shares issued}&?\\\text { Dividends Payable } & 280,000 \\\text { Long-term Investment in the Broomfield Company } & 400,000 \\\text { Marketable Securities } & 60,000 \\\text { Retained Earnings } & 1,800,000 \\\text { Treasury Stock, Common, 20,000 shares } & 500,000\\\text { 10 \% Cumulative Preferred Stock, \$25 par, callable}\\\text { at \$ 28 ; 200,000 shares authorized, 100,000}\\\text { shares issued and outstanding}&?\\\end{array}
Given the above information, prepare the stockholders' equity section of the Lindale Corp.'s balance sheet dated December 31, 2X13.

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