The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Borkowski Corporation at December 31, 2012.

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Borkowski Corporation at December 31, 2012.

Common Stock ($6 stated value)		$2,068,200
Paid-in Capital in Excess of Par—Preferred Stock		276,400
Paid-in Capital in Excess of Stated Value—Common Stock		928,100
Preferred Stock (8%, $101 par, noncumulative)		525,200
Retained Earnings		1,053,200
Treasury Stock (10,400 common shares)		124,800

Prepare the stockholders’ equity section of the balance sheet at December 31, 2012.

BORKOWSKI CORPORATION Balance Sheet (Partial) December 31, 2012
Stockholders’ equity
Paid-in capital
Capital stock
8% Preferred stock, $101 par          value, noncumulative, 5,200          shares issued					$525,200
Common stock, no par, $6          stated value, 344,700          shares issued, and 334,300          shares outstanding					2,068,200
Total capital stock					2,593,400
Additional paid-in capital
Paid-in Capital In Excess of Par- Preferred Stock			$276,400
Paid-in Capital In Excess of Stated Value-Common Stock			928,100
Total additional paid-in capital					1,204,500
Total paid-in capital					3,797,900
Retained earnings					1,053,200
Total paid-in capital and retained earnings					4,851,100
Less: Treasury stock (10,400 common shares)					(124,800	)
Total stockholders’ equity					$4,726,300