Question: Market Corporation began its business on January 1 201X It
Market Corporation began its business on January 1, 201X. It sold at $31 per share 6,100 shares of no-par common stock with a stated value of $24 per share. The charter of Market indicated that 38,000 shares were authorized. Retained earnings were $59,000 on December 31. Prepare the stockholders’ equity section for Market on December 31, 201X, using the Blueprint example as a guide.
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