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Prepare stockholders equity section of balance sheet at dec

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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020.

Common Stock ($6 stated value) $2,028,000

Paid-in Capital in Excess of Par-Preferred Stock 280,000

Paid-in Capital in Excess of Stated Value-Common Stock 946,000

Preferred Stock (8%, $104 par) 535,600

Retained Earnings 1,150,000

Treasury Stock (12,000 common shares) 144,000

Question 1: Prepare the stockholders' equity section of the balance sheet at December 31, 2020.

Reference no: EM132587625

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