The following accounts appear in the ledger of Cullumber Company after the books are closed at December 31, 2020. Common Stock, no par, $1 stated value, 375,000 shares authorized; 275,000 shares issued $ 275,000 Common Stock Dividends Distributable 25,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,100,000 Preferred Stock, $5 par value, 8%, 35,000 shares authorized; 25,000 shares issued 125,000 Retained Earnings 750,000 Treasury Stock (10,000 common shares) 70,000 Paid-in Capital in Excess of Par—Preferred Stock 340,000 Accumulated Other Comprehensive Loss 25,000 Prepare the stockholders’ equity section at December 31, 2020, assuming retained earnings is restricted for plant expansion in the amount of $100,000. For capital stock first enter the preferred stock details.

answer; intellectual property protection;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.