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Pine Corporation has the following accounts at December 31: Common Stock, $12 par, 5,100 shares issued, $61,200; Paid-in Capital in Excess of ParCommon Stock $34,400;

Pine Corporation has the following accounts at December 31: Common Stock, $12 par, 5,100 shares issued, $61,200; Paid-in Capital in Excess of ParCommon Stock $34,400; Retained Earnings $48,500; and Treasury Stock, 460 shares, $9,200. Prepare the stockholders equity section of the balance sheet.

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