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The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Flounder Corp. at December...

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Flounder Corp. at December 31, 2017. Common Stock ($4 stated value) $1,520,000

Paid-in Capital in Excess of Par Value—Preferred Stock 42,750

Paid-in Capital in Excess of Stated Value—Common Stock 997,500

Preferred Stock (6%, $100 par, noncumulative) 570,000

Retained Earnings 1,267,300

Treasury Stock (11,400 common shares) 68,400

Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)

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Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)

Paid in capital
Common Stock 1520000
Paid-in Capital in Excess of Stated Value—Common Stock 997500
Preferred stock 570000
Paid-in Capital in Excess of Par Value—Preferred Stock 42750
Total paid in capital 3130250
Retained earnings 1267300
Total 4397550
Less: Treasury Stock -68400
Total Stockholder's equity 4329150
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