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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Riverbed Corporation at December 31, 2020.
Common Stock ($6 stated value) $2,028,000
Paid-in Capital in Excess of Par-Preferred Stock $280,000
Paid-in Capital in Excess of Stated Value-Common Stock $851,000
Preferred Stock (896, $100 par) $550,000
Retained Earnings $1,170,000
Treasury Stock (10,000 common shares) $120,000
Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)

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Answer and Explanation:

The preparation of the stockholder equity section of the balance sheet is presented below:

Stockholder Equity  

Paid in Capital  

Capital Stock  

8% Preferred Stock $100 par value $550,000

common stock no par $6 stated value $2,028,000

Total Capital Stock $2,578,000

Additional Paid in capital  

in excess of par Preferred stock $280,000  

In excess of stated value common stock $851,000  

Total additional paid in capital $1,131,000

Total Paid in capital $3,709,000

Retained Earning $1,170,000

Total Paid in capital and retained Earnings  $4,879,000

Less Treasury stock -$120,000

Total Stockholder Equity $4,759,000

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