The following December 31 balances are provided by Ellen Corporation: Required Prepare the stockholders' equity section of
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Prepare the stockholders' equity section of Ellen's balance sheet.
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Treasury stock (20,000 shares) Preferred stock (596, $75 par, cumulative) Additional paid-in capital Retained earnings Common stock ($4 par value, 500,000 shares authorized) 100,000 750,000 1,500,000 2,224,000 1,400,000
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