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The stockholders equity section on the December 31, balance sheet of Rockline Corporation reported the...

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Accounting

The stockholders equity section on the December 31, balance sheet of Rockline Corporation reported the following amounts: 12/31/23 12/31/22 Preferred stock (authorized 6,000 shares, 1,000 issued and outstanding) $100,000 $100,000 Common stock (authorized 10,000 shares, 4,100 and 4,000 issued in 2023 and 2022 respectfully) 205,000 190,000 Retained earnings 50,000 20,000 Treasury stock, 700 shares at cost 27,500

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