5.


Houston Corporation reported its stockholders' equity information for the year 2018 as


follows:


Common stock of $5 par value, 100,000 shares authorized,


50. 000 shares issued and outstanding


$250,000


Additional paid-in capital


125,000


Retained earnings


400,000


Treasury stock 2,500 shares at cost $7


Net income for the year


80,000


Prepare the stockholders' equity section of the balance sheet as it should appear on


December 31, 2018.