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For Feet's Sake has two classes of stock authorized: 8%,$10 par preferred, and $1 par...

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Accounting

For Feet's Sake has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect
stockholders' equity during 2024, its first year of operations:
In its first year of operations, For Feet's Sake has net income of $145,000 and pays dividends at the end of the year of $95,000( $1 per
share) on all common shares outstanding and $1,200 on all preferred shares outstanding.
Required:
Prepare the stockholders' equity section of the balance sheet for For Feet's Sake as of December 31,2024.(Amounts to be deducted
should be indicated by a minus sign.)
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