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BE 12-6 Reporting stockholders' equity Using the following accounts and balances, prepare the Stockholders' Equity section of the hal. ance sheet. Five-hundred thousand shares of common stock are authorized, and 40,000 shares have been reacquired. Obj. 6 SHOW ME HOW Common Stock, $120 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $48,000,000 4,500,000 6,400,000 63,680,000 5,200,000 BE 12-7 Retained earnings statement Obj. 6 Noric Cruises Inc. reported the following results for the year ended October 31: SHOW ME HOW Retained earnings, October 1 $12,400,000 Net income 2,350,000 175,000 Cash dividends declared Stock dividends declared 300,000 Prepare a retained earnings statement for the month ended October 31. Exercises EX 12-1 Dividends per share Obj. 2 Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 Preferred stock