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Twin Towns, Inc., was authorized to issue 200,000 shares of common stock and originally issued 100,000 shares of $10 par value stock at $18 per

Twin Towns, Inc., was authorized to issue 200,000 shares of common stock and originally issued 100,000 shares of $10 par value stock at $18 per share. Subsequently, 25,000 shares were repurchased at $20, of which 10,000 were subsequently resold at $23. Assume the company's retained earnings balance is $120,000. a.Prepare the stockholders' equity section of Twin Towns's balance sheet, including all appropriate disclosures. Stockholders' equity? Total paid-in capital? Total paid-in capital and retained earnings? Total stockholders' equity

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