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Common stock {40,000 authorized, 25,000 issued and outstanding with par value of $10 per share.) $ 250,000.00 Excess paid In capital on common stock $ 125,000 00 Retained Earnings $ 500,000.00 Total stockholder's equity $ 875.000.00 During the current year, Thomson had the following stock transactions: The company authorized the sale of 10% preferred stock, 50,000 shares at par value of $50. Sold 20,000 shares of preferred stock at $ 75 per share. Purchased 5,000 shares of common stock at $20 per share for cash Declared and distributed a 2% stock dividend to common stockholders sold 2,000 shares of treasury stock at $16 per share. Net loss is $ 134,000. Required: Prepare the stockholder's equity selection of the balance sheet for year end 2008. Common stock {40,000 authorized, 25,000 issued and outstanding with par value of $10 per share.) $ 250,000.00 Excess paid In capital on common stock $ 125,000 00 Retained Earnings $ 500,000.00 Total stockholder's equity $ 875.000.00 During the current year, Thomson had the following stock transactions: The company authorized the sale of 10% preferred stock, 50,000 shares at par value of $50. Sold 20,000 shares of preferred stock at $ 75 per share. Purchased 5,000 shares of common stock at $20 per share for cash Declared and distributed a 2% stock dividend to common stockholders sold 2,000 shares of treasury stock at $16 per share. Net loss is $ 134,000. Required: Prepare the stockholder's equity selection of the balance sheet for year end 2008