This is the Stockholder Equity section of Maximum Organization Balance Sheet as of December 31, 2016
a) 8% Preferred stock, $100 par value, 10,000 shares authorized, 5,000 shares issued and outstanding.
b) Common stock, no par, $2 stated value, 500,000 shares authorized, 204,000 shares issued and outstanding
c) Additional paid-in capital:
Preferred stock in excess of par value is $34,000
Common stock in excess of stated value is $437,000
A Stockholders section for Maximum Organization classified balance sheet as of December 31, 2016 is necessary.
Partial Classified Balance Sheet: