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Prepare the stockholders equity section of the balance sheet

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Riverbed Corp has issued 110,000 shares of $5 par value common stock. It was authorized 499,000 shares. The paid-in capital in excess of par value on the common stock is $275,000. The corporation has reacquired 7,700 shares at a cost of $50,500 and is currently holding those shares. It also had accumulated other comprehensive income of $70,000.

The corporation also has 1,800 shares issued and outstanding of 7%, $100 par value preferred stock. It authorized 9,500 shares. The paid-in capital in excess of par value on the preferred stock is $28,600. Retained earnings is $390,000.

Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)

Reference no: EM132385593

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