Prepare the stockholders equity section of beta balance

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Reference no: EM13141901

Beta Co. sold 10,000 shares of common stock, which has a par value of $ 25, for $ 27 per share. The company also sold 1,000 shares of $ 100 par value preferred stock for $ 110. Assume the balance in retained earnings is $ 100,000. Prepare the stockholders’ equity section of Beta’s balance sheet.

Reference no: EM13141901

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