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Business, 15.04.2020 16:55 25linm

A company has the following balances in its stockholders' equity accounts on December 31, Year 1:

Treasury Stock, $650,000;
Common Stock, $400,000;
Preferred Stock, $1,600,000;
Retained Earnings, $1,200,000;
Additional Paid-in Capital, $6,800,000.

Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.)

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A company has the following balances in its stockholders' equity accounts on December 31, Year 1:

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