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Charlatans Corporation had the following stockholders' equity accounts at December 31.
Common stock ($1 par value)
$ 150,000
Preferred stock ($50 par value, 6%)
500,000
Paid-in Capital in Excess of Par-Common Stock
1,560,000
Paid-in Capital from Treasury Stock
250,000
Retained Earnings
340,000
Treasury stock-common at cost
190,000
At December 31, the number of common and preferred shares were:
Common
Preferred
Authorized
50,000
Issued
150,000
10,000
Outstanding
140,000
Instructions
Prepare the stockholders' equity section at December 31.
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