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Preferred Stock (9%, $50 par, cumulative, 10,000 shares authorized) $ 400,000 ...

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Accounting

Preferred Stock (9%, $50 par, cumulative, 10,000 shares authorized)

$ 400,000

Common Stock ($1 stated value, 2,000,000 shares authorized)

1,000,000

Paid-in Capital in Excess of Par

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