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Loft Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: $2 par value Common Stock, $100,000; Additional Paid-in Capital-

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Loft Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: $2 par value Common Stock, $100,000; Additional Paid-in Capital- CS, $4,100,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2021, is $800,000. The company did not have any preferred stock in their beginning Equity. Loft Casuals has the following transactions affecting stockholders' equity in 2021: May 18 Issues 52,000 additional shares of $2 par value common stock for $74 per share. May 31 Purchases 10,000 shares of treasury stock for $57 per share. June 1 Issues 28,000 shares of 6% Preferred Stock non-cumulative, with $50 par value for $54. July 1 Declares a cash dividend of $1 per share to common stockholders of record as of 7/15. The board also declares a dividend for the preferred shareholders. July 31 Pays the cash dividend declared on July 1. August 10 Resells 4,200 shares of treasury stock purchased on May 31 for $59 per share. September 1 Resells 4,000 shares of treasury stock purchased on May 31 for $53 per share. Taking into consideration all the entries described above, provide the ending balances in the equity accounts for the year ended December 31, 2021. Common Stock APIC - CS Retained Earnings Treasury Stock APIC - TS Preferred Stock APIC - PS

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