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Can you show me how it is solve Mart Company's post-closing trial balance at December 31, 2008 appear as follows: DEBIT CREDIT Accounts payable and

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Mart Company's post-closing trial balance at December 31, 2008 appear as follows: DEBIT CREDIT Accounts payable and accrued liabilities 3,000,000 Accounts receivable 6,000,000 Accumulated depreciation 2,500,000 Allowance for doubtful accounts 800,000 Bonds payable 5,000,000 Property, plant and equipment 11,000,000 Cash 2.500,000 Common stock (P50 par value) ? Dividends payable 200,000 Inventory 8.000.000 Trading securities 3.500,000 Investment in equity securities at cost 2,000,000 Unrealized loss on trading securities 500,000 Additional paid in capital - common In excess of par 5,000,000 From sale of treasury stock 1,000,000 Preferred stock (P25 par value) ? Retained earnings 6,500,000 Treasury stock - common, at cost 1,500,000 At December 31, 2008, Mart had the following number of common and preferred shares: Common Preferred Authorized 300,000 300,000 Issued 120,000 200,000 Outstanding 100,000 200,000 The dividend on preferred stock is 10% cumulative. The preferred stock has a preference in liquidation of P50 per share. What is the total stockholders' equity on December 31, 2008

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