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Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end

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Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Net income for the year was $32,000. The stock price is currently $22.89 per share. 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be Required: indicated by a minus sign.) Required information [The following information applies to the questions displayed below.] The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Net income for the year was $32,000. The stock price is currently $22.89 per share. 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be Required: indicated by a minus sign.)

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