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Foley Corporation has the following capital structure at the beginning of the year: 4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares issued
Foley Corporation has the following capital structure at the beginning of the year:
4% Preferred stock, $50 par value, 20,000 shares authorized, 6,000 shares issued and outstanding | $300,000 | |
Common stock, $10 par value, 60,000 shares authorized, 35,000 shares issued and outstanding | 350,000 | |
Paid-in capital in excess of par | 103,000 | |
Total paid-in capital | 753,000 | |
Retained earnings | 430,000 | |
Total stockholders' equity | $1,183,000 |
Construct the stockholders' equity section incorporating all the above information.
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