The December 31, 1998, trial balance of Yamey Corporation had the following account balances: lop85 Common Stock

The December 31, 1998, trial balance of Yamey Corporation had the following account balances: lop85

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Common Stock (no-par value; 200,000 shares authorized, issued, and outstanding; stated value of $20 per share) Notes Payable (12% due May 1, 1999) Retained Earnings, Unappropriated Dividends Payable in Cash (declared December 15, on preferred stock) Appropriation per Loan Agreement Preferred Stock (6%, par value $200; 2,000 shares authorized, issued, and outstanding) Paid-In Capital in Excess of Stated Value-Common Paid-In Capital in Excess of Par Value-Preferred. Present in proper form the stockholders' equity section of the balance sheet. $4,000,000 500,000 2,500,000 12,000 480.000 400,000 300,000 40,000