prepare the stockholders rsquo equity section of the current year including disclosu 618665

The stockholders’ equity section ofAluminum Company of America (Alcoa)showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $55, retained earnings $7,428, and treasury stock 2,828. All dollar data are in millions.

The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31 of the current year, 557,649 shares of preferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 par value common stock authorized, of which 924.6 million are issued and 844.8 million are outstanding at December 31.

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Instructions

Prepare the stockholders’ equity section of the current year, including disclosure of all relevant data.

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