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Use the following information to answer the question below. The following accounts appear in the ledger of Bullock Corporation on December 31, 2013: Preferred Stock
Use the following information to answer the question below. The following accounts appear in the ledger of Bullock Corporation on December 31, 2013:
Preferred Stock $60,000
Common Stock 112,000
Additional Paid-in Capital, Preferred 14,000
Additional Paid-in Capital, Common 36,000
Retained Earnings 80,000
A balance sheet prepared on December 31, 2013, would report total contributed capital of
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