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The stockholders' equity section of Kay Corporation at December 31, 2018 included the following accounts: Preferred stock (9%, $30 par, 8,000 shares issued & outstanding)
The stockholders' equity section of Kay Corporation at December 31, 2018 included the following accounts: Preferred stock (9%, $30 par, 8,000 shares issued & outstanding) .... $240,000 Common stock ($8 par, 65,000 shares issued, 61,000 shares outstanding 520,000 Paid-in capital preferred stock ................................... ? Paid-in capital common stock ...................................... 584,000 Retained earnings ................................................... 152,000 Treasury stock (4,000 shares at $15 cost) .......................... 60,000 Paid-in capital treasury stock .................................... 18,000 Assume the preferred stock was issued for an average price of $48 per share. Calculate the total stockholders' equity at December 31, 2018. Do not use decimals in your answer.
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