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Using the following information, calculate Carolina Inc.'s total stockholder's equity. Additional paid-in-capital = $7,000 Accounts Payable = $1,400 Total Expenses = $5,000 Preferred stock, at

Using the following information, calculate Carolina Inc.'s total stockholder's equity.

Additional paid-in-capital = $7,000

Accounts Payable = $1,400

Total Expenses = $5,000

Preferred stock, at par = $1,600

Treasury Stock = $600

Dividends = $1,000

Retained Earnings, beginning = $6,400

Additional paid in capital preferred = $500

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