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prepare a stockholders equity section at december 31.2023, including thr disclosure of the preferred dividends in arrears. The stockholders' equity accounts of Marigold Corp. on
prepare a stockholders equity section at december 31.2023, including thr disclosure of the preferred dividends in arrears.
The stockholders' equity accounts of Marigold Corp. on January 1,2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 24,000 shares of common stock for $115.000. Apr 14 Sold 5,600 shares of treasury 5 tock-common for $33,200. Sept. 3 Issued 4,800 shares of common stock for a patent valued at $34,600. Nou, 10 Purchased 1,100 shares of common stock for the treasury at a cost of $6,200. Dec. 31 Determined that net income for the year was $485,000. No dividends were declared during the year. Prepart a stockholder's equity section at December 31,2022 , including the disclosure of the preferred dividends in arrears. Enter the account name onily and do not grovide the descriotive information arovided in the aunction Step by Step Solution
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