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Stockholders equity has preferred stock, no par value, authorized 200,000 shares, issued 73,050 shares for $438,300; and common stock, $1.00 par value, authorized 400,000 shares,
Stockholders equity has preferred stock, no par value, authorized 200,000 shares, issued 73,050 shares for $438,300; and common stock, $1.00 par value, authorized 400,000 shares, issued 103,050 shares at an average price of $10. In addition, the corporation has retained earnings of $304,250.
How to do the stockholder's equity part of balance sheet? Thank you!
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