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Marigold Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($ 4 por) $ 400,000, Paid in Capital in Excess of

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Marigold Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($ 4 por) $ 400,000, Paid in Capital in Excess of Par--Common Stock $ 195,000, and Retained Earnings $110.000. In 2022, the company had the following treasury stock transactions Mar. 1 June 1 Purchased 6.000 shares at $ 9 per share. Sold 1,000 shares at $ 13 per share Sold 2000 shares at $ 10 per share. Sold 1.000 shares at 5 6 per share. Sept. 1 Dec 1 Marigold Corporation uses the cost method of accounting for treasurystock. In 2022, the company reported net income of $ 29,000. Question 2 of 2

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