AC310 Problem 5

AC310 Problem 5

Problem 5:

Vivi Corporation has the following accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par – Common Stock $20,000; Retained Earnings $45,000; and Treasury Stock, 500 shares, $11,000. Prepare the stockholders’ equity section of the balance sheet.

 

I need my worked checked and the problem completed. I thought I was on the right track but I am lost at the end. Please help!