The corporation assigned a $5 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $150,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,000 Common Stock 1,960,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,510,000 Treasury Stock (4,000 common shares) 40,000 Retained Earnings 85,000 Accumulated Other Comprehensive Income 49,000
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