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Prepare in proper form the stockholders' equity section of the balance sheet from the following selected accounts and balances taken from the adjusted trial balance

Prepare in proper form the stockholders' equity section of the balance sheet from the following selected accounts and balances taken from the adjusted trial balance of Thomas Corporation on June 30, 20x5.

Partial Adjusted Trial Balance

Account Debit Credit
Common Stock$10 stated value, 50,000 shares authorized,
45,000 shares outstanding

450,000

Preferred Stock$100 par value, 8 percent cumulative convertible,
3,000 shares authorized and outstanding

300,000

Additional Paid-in Capital, Preferred

15,000

Additional Paid-in Capital, Common

75,000

Retained Earnings

30,000

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