Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31,2015: Treasury Stock,$375,000;Common Stock,$350,000;Preferred Stock,$1,200,000;Retained Earnings,$1,675,000;and Additional Paid-in Capital,$3,150,000.Prepare the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31,2015.

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The Answer of Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31,2015: Treasury Stock,$375,000;Common Stock,$350,000;Preferred Stock,$1,200,000;Retained Earnings,$1,675,000;and Additional Paid-in Capital,$3,150,000.Prepare the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31,2015.

Donnie Hilfiger Has the Following Balances in Its Stockholders' Equity