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For the current year ended, ABC had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000 shares

For the current year ended, ABC had the following transactions:

Issued 10,000 shares of $2 par common stock for $12 per share.

Issued 3,000 shares of $50 par, 6% preferred stock for $70 per share.

Purchased 1,000 shares of previously issued common stock for $15 per share.

Reported net income of $200,000.

Declared and paid a total dividend of $40,000.

Assume that retained earnings had a beginning balance of $75,000.Match the following amounts to the appropriate term (a-h).

$150,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$100,00[ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$60,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$20,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$235,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$330,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$550,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

$15,000 [ Choose ] Excess of issue price over par (preferred) Total paid-in capital Excess of issue price over par (common) Retained earnings Common stock Treasury stock Preferred stock Total stockholders' equity

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