Health Sciences homework help. The following data relate to LeMaster Corporation as of December 31, 20XX, the close of the current accounting period:Preferred stockThe company has 1,000 shares of $50 par-value cumulative preferred stock authorized. The stock pays a 10% dividend; to date, 400 shares have been issued at $55 per share. Common stockA total of 25,000 shares of $1 stated-value common stock is authorized. To date, 10,000 shares have been issued at $10 per share, and an additional 3,000 shares have been subscribed to at $15 per share.Assuming a retained earnings balance of $177,000, prepare the stockholders’ equity section of LeMaster’s December 31, 20XX balance sheet.
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