The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Whispering Winds Corp. at December 31, 2022.

Common Stock ($4 stated value) $2,560,000

Paid-in Capital in Excess of Par Value-Preferred Stock 72,000

Paid-in Capital in Excess of Stated Value-Common Stock 1,680,000

Preferred Stock (6%, $100 par, noncumulative) 960,000

Retained Earnings 2,134,400

Treasury Stock (19,200 common shares) 115,200

Prepare the stockholder's equity section of the balance sheet at December 31, 2020.

Total stockholders' equity is $7,291,200

Explanation:

The stockholders' equity section of the balance sheet is prepared as balance sheet extract below:

Common stock ($4 stated value) $2,560,000

Preferred stock $960,000

Total capital stock $3,520,000

paid in capital common stock $1,680,000

paid in capital preferred stock $72,000

Total paid in capital $5,272,000

Retained earnings $2,134,400

Total paid capital and retained earnings $7,406,400

treasury stock ($115,200)

total stockholders' equity $7,291,200

Every line item is meant to added in arriving at the stockholders' total equity except for treasury stock