The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Marvel Corporation at December 31, 2007.

Common Stock ($5 stated value) $1,500,000 Paid-in Capital in Excess of Par Value-Preferred Stock 45,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,050,000 Preferred Stock (8%, $100 par, noncumulative) 500,000 Retained Earnings 1,134,000 Treasury Stock-Common (8,000 shares) 78,000

Prepare the stockholders' equity section of the balance sheet at December 31, 2007.

Summary of how the solution was obtained included with the chart