The Following Stockholders' Equity Accounts Arranged Alphabetically Are in the Ledger

Essay

The following stockholders' equity accounts arranged alphabetically are in the ledger of Kalmia Corporation at December 31 2017. $\begin{array}{llr} \text { Common Stock (\$5 stated value)} &\$2,200,000\\ \text { Paid-in Capital in Excess of Par-Preferred Stock} &280,000\\ \text { Paid-in Capital in Excess of Stated Value-Common Stock } &800,000\\ \text { Preferred Stock ( \( 8 \%, \$ 100 \) par, noncumulative)} &500,000\\ \text { Retained Earnings } &1,334,000\\ \text { Treasury Stock Common (10.000 shares)} &120,000\\\end{array}$
Instructions
Prepare the stockholders' equity section of the balance sheet at December 31 2017.