The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Southern Corporation at December 31, 2014.
Common Stock ($5 stated value) $2,200,000
Paid-in Capital in Excess of Par-Preferred Stock 280,000
Paid-in Capital in Excess of Stated Value-Common Stock 800,000
Preferred Stock (8%, $100 par, noncumulative) 500,000
Retained Earnings 1,334,000
Treasury Stock-Common (10,000 shares) 120,000
Instructions
Prepare the stockholders' equity section of the balance sheet at December 31, 2014.