The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed:

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Common stock ($19 par value; 105,000 shares authorized, 42,000 shares Issued, 39,000 shares outstanding) Additional paid-in capital Dividends declared and pald during the year Retained earnings at the beginning of the year Treasury stock at cost (3.000 shares) $798.000 178,000 16.000 80.000 (32,000) Net income for the year was $38.000. The stock price is currently $23.69 per share. Common stock ($19 par value; 105,000 shares authorized, 42,000 shares Issued, 39,000 shares outstanding) Additional paid-in capital Dividends declared and pald during the year Retained earnings at the beginning of the year Treasury stock at cost (3.000 shares) $798.000 178,000 16.000 80.000 (32,000) Net income for the year was $38.000. The stock price is currently $23.69 per share.

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Solution 1 Balance Sheet Partial at december 31 Stockholders Equity Particulars Amou... View the full answer