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Prepare Stockholders Equity of the balance sheet.
Retained Earnings = $100,000
Preferred Stock ( $100 par, 7% Cumulitive, 10,000 authorized, 5,000 issued and outstanding) = $500,000
Treasury Stock = $35,000
Addditional Paid in Capital, common stock = 400,000
Additional Paid in Capital, preferred stock = 50,000
Common Stock ( $5.00 par value, 100,000 shares authorized, $60,000 issued) = $300,000
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