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The following stockholders' equity accounts arranged alphabetically are in the ledger of Jenkins Corporation at December 31, 2010.
Common Stock ($10 stated value) ............ $1,200,000Paid-in Capital from Treasury Stock .............. 6,000Paid-in Capital in Excess of Stated Value-Common Stock ... 690,000Paid-in Capital in Excess of Par Value-Preferred Stock ..... 288,400Preferred Stock (8%, $100 par, noncumulative) ........ 300,000Retained Earnings ..................... 826,000Treasury Stock-Common (8,000 shares) ............ 88,000
Instructions
Prepare a stockholders' equity section at December 31, 2010.
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