On December 31, 2014, Brave Corporation Reported the Following on Its

Essay

On December 31, 2014, Brave Corporation reported the following on its balance sheet: $$\begin{array} { l c } \text { Cash } & \$ 22,000 \\\text { Treasury stock ( } \$ 8 \text { per share, at cost) } & ( 16,000 ) \\\text { Retained earnings } & 130,000 \\\text { Common stock, par } \$ 5 ; \text { (authorized } 100,000 \text { shares) } & 400,000 \\\text { Capital in excess of par } & ? \\\text { Total contributed capital } & 540,000\end{array}$$ Required:
Prepare the stockholders' equity section of the balance sheet.