Question: Marigold Corp. has issued 9 6 , 0 0 0 shares of $ 5 par value common stock. It was authorized 5 0 3 ,

Marigold Corp. has issued 96,000 shares of $5 par value common stock. It was authorized 503,000 shares. The paid-in capital in excess of par value on the common stock is $268,800. The corporation has reacquired 6,000 shares at a cost of $51,500 and is currently holding those shares. It also had accumulated other comprehensive income of $68,500.The corporation also has 1,100 shares issued and outstanding of 9%, $100 par value preferred stock. It was authorized 10,300 shares. The paid-in capital in excess of par value on the preferred stock is $12,650. Retained earnings is $383,000.Prepare the stockholders equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)

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