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Problem 10-81A Stockholders' Equity Section of the Balance Sheet Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following
Problem 10-81A Stockholders' Equity Section of the Balance Sheet Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following stockholders' equity activitis 1. Secured approval for a corporate charter that authorizes Green Line to sell 1,500,000, S2 par common shares and 200,000, $25 par preferred shares. Sold 120,000 of the common shares for $9 per share. Sold 65,000 of the preferred shares for $32 per share. Repurchased 15,000 shares of the common stock at a cost of S11 per share. Earned net income of $460,000. Paid dividends of S52,000. 2. 3. 4. 5. 6. Prepare the stockholders' equity portion of Green Line Corporation's balance sheet
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