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A company had the following equity account balances on January 1. January 1 balances Preferred stock, $25 par value, 6% stated rate, 140,000 shares authorized,

A company had the following equity account balances on January 1.

January 1 balances
Preferred stock, $25 par value, 6% stated rate, 140,000 shares authorized, 30,800 shares issued and outstanding $770,000
Paid-in capital in excess of par - preferred stock $223,000
Common stock, $6 par value, 310,000 shares authorized, 74,000 shares issued and outstanding $444,000
Paid-in capital in excess of par - common stock $511,000
Retained earnings $380,000

During the year, the following equity transactions occurred.

Transactions during the year
January 21 Issued 21,000 shares of common stock for $15 per share.
March 10 Purchased 12,600 shares of its own common stock for $13 per share.
June 26 Sold one-half of treasury shares acquired March 10 for $15 per share.
September 8 Issued 4,300 shares of preferred stock for $34 per share.
November 2 Sold 2,520 of the treasury shares acquired March 10 for $19 per share.
December 31 Reported net income for the year of $134,000.

Complete the following stockholders' equity section of the balance sheet as of December 31.

December 31 balances
Preferred stock

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Paid-in capital in excess of par - preferred stock

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Common stock

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Paid-in capital in excess of par - common stock

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Retained earnings

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Treasury stock

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