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The following stockholders' equity accounts arranged alphabetically are in the ledger of Sandhill Corporation at December 31, 2022. Common Stock ($10 stated value) $1,900,000 Paid-in
The following stockholders' equity accounts arranged alphabetically are in the ledger of Sandhill Corporation at December 31, 2022.
Common Stock ($10 stated value) | $1,900,000 |
Paid-in Capital from Treasury Stock | 9,000 |
Paid-in Capital in Excess of Par-Preferred Stock | 41,200 |
Paid-in Capital in Excess of Stated Value-Common Stock | 635,000 |
Preferred Stock (8%, $100 par, noncumulative) | 480,000 |
Retained Earnings | 780,000 |
Treasury Stock-Common (8,000 shares) | 95,000 |
A) Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.)
NOTE: The answer to the blank box is NOT "Total Additional Paid in Capital" as that isn't an option.
Sandhill Corporation Balance Sheet (Partial) December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock $ Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock $ Paid-in Capital in Excess of Par-Common Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity $Step by Step Solution
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