Question
Blue Spruce Corp. has issued93,000shares of $6par value common stock. It was authorized506,000shares. The paid-in capital in excess of par value on the common stock
Blue Spruce Corp. has issued93,000shares of $6par value common stock. It was authorized506,000shares. The paid-in capital in excess of par value on the common stock is $270,000. The corporation has reacquired7,100shares at a cost of $52,500and is currently holding those shares. It also had accumulated other comprehensive income of $62,500.
The corporation also has2,500shares issued and outstanding of10%, $101par value preferred stock. It authorized9,100shares. The paid-in capital in excess of par value on the preferred stock is $25,600. Retained earnings is $362,000.
I need help preparing the stockholders' equity section of the balance sheet.
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