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Using the following information prepare the stockholders' equity section of Hamilton's balance sheet:
Preferred Stock, $100 par value, 9% , 10,000 shares authorized, 6,000 shares issued and outstanding $600,000
Common Stock, $12 par value, 45,000 shares authorized, 30,000 shares issued and 28,500 shares outstanding $360,000
Additional Paid-in Capital - Common $194,000
Additional Paid in Capital Treasury Stock $4,200
Retained Earnings $23,000
Treasury Stock, Common 1,500 shares at cost $30,000
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