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Rolman Corporation is authorized to issue 1 , 0 0 0 , 0 0 0 shares of $ 5 par value common stock. In its

Rolman Corporation is authorized to issue 1,000,000 shares of $5 par value common stock. In its first year, the company has the following stock transactions.
- Jan. 10 Issued 400,000 shares of stock at $8 per share.
- Sept. 21 Purchased 10,000 shares of common stock for the treasury at $9 per share.
- Dec. 24 Declared a cash dividend of 10 cents per share on common stock outstanding.
Prepare the stockholders equity section of the balance sheet, assuming the company had retained earnings of $150,600 on December 31 and an accumulated other comprehensive loss of $105,000.

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