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Using the following accounts and balances, use Method 2 to prepare the Stockholders' Equity section of the balance sheet with all of the appropriate disclosures.
Using the following accounts and balances, use Method 2 to prepare the "Stockholders' Equity" section of the balance sheet with all of the appropriate disclosures. Common Stock, $50 par (50,000 shares authorized, 25,000 issued) Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock (2,000 shares at cost) Stockholders' Equity Line Item Description Amount Amount Contributed capital: Total contributed capital Total Total stockholders' equity QooQ $1,250,000 800,000 42,000 4,350,000 155,000
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