For the year ended December 31, 2020, Transformers Inc. reported the following: Net income $300,000 Preferred dividends
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For the year ended December 31, 2020, Transformers Inc. reported the following:
Net income $300,000
Preferred dividends declared 50,000
Common dividend declared 10,000
Unrealized holding loss, net of tax 5,000
Retained earnings, beginning balance 400,000
Common stock 200,000
Accumulated Other Comprehensive Income,
Beginning Balance 25,000
What would Transformers report as total stockholders' equity?
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