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Prepare the stockholders' equity section of the balance sheet. Charleston Corporation has the following accounts at December 31: Common Stock, $10 par 7,000 shares issued,

Prepare the stockholders' equity section of the balance sheet.

Charleston Corporation has the following accounts at December 31: Common Stock, $10 par 7,000 shares issued, $70,000; Paid-in Capital in Excess of Par $10,000; Retained Earnings $45,000; and Treasury StockCommon, 500 shares, $10,000.

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