Question: On January 1 , 2 0 2 3 , the stockholders' equity section of Jayhawk Corporation's balance sheet showed the following table [ [

On January 1,2023, the stockholders' equity section of Jayhawk Corporation's balance sheet showed the following
\table[[Preferred stock, $100 par value, 5%,50,000 shares authorized,,],[5,000 shares issued and outstanding,$500,000
On January 1,2023, the stockholders' equity section of Jayhawk Corporation's balance

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