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Presented below is information related to Victor Company at December 31, 2019. Assume a tax rate of 30% on all items. Accounts Payable $ 204,975

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Presented below is information related to Victor Company at December 31, 2019. Assume a tax rate of 30% on all items. Accounts Payable $ 204,975 Income Tax Payable S 78,000 Accounts Receivable $ 259,200 Interest Payable $ 2,850 Accum. Deprec - Building $ 391,500 Inventory $ 790,125 Additional Paid-In Capital $ 81,900 Land $ 232,500 Allow for Doubtful Accounts $ 3,900 Notes Payable (6 months) $ 96,000 Bonds Payable (due 2025) $ 600,000 Notes Receivable (6 months) $ 69,000 Buildings $ 963,000 Preferred Stock $ 375,000 Cash $ 85,125 Prepaid Insurance $ 28,125 Common Stock $ 562,500 Salaries and Wages Payable $ 17,100 Copyrights $ 96,450 Supplies $ 18,900 Debt Investments (long-term $ 140,700 Trading Securities $ 36,300 Retained Earnings $ 306,000 Requirements: Prepare the stockholders' equity section of a Classified Balance Sheet for Victor Company. Include all headings, subheading, subtotals, and totals (with labels) that appear in the stockholders' equity section of a Classified Balance Sheet. It is not necessary to include the Balance Sheet title. 2 T:- I B I U S. Xa x ! > E E

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