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The following stockholders' equity accounts, arranged alphabetically, are in the records of Marvel Corporation at December 31, 2020. Common shares ($5 book value) $2,800,000 Contributed
The following stockholders' equity accounts, arranged alphabetically, are in the records of Marvel Corporation at December 31, 2020.
Common shares ($5 book value) | $2,800,000 |
Contributed Capital in Excess of Par ValuePreferred shares | 45,000 |
Contributed Capital in Excess of Book ValueCommon shares | 1,050,000 |
Preferred shares, 8%, $100 par, non-cumulative) | 1,000,000 |
Retained Earnings | 1,684,000 |
Treasury Shares (10,000 shares) | 98,000 |
Required
Prepare the shareholders equity section of the balance sheet at December 31, 2020.
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