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Concord Corporation reported the following balances at December 31,2021: common stock $396,000, paid-in Capital in...

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Accounting

Concord Corporation reported the following balances at December 31,2021: common stock $396,000, paid-in Capital in Excess of Par-common stock $108,000, and retained earnings $251,000. During 2022, the following transactions affected stockholders' equity.
Issued preferred stock with a par value of $121,500 for $193,000.
Purchased treasury stock (common) for $38,000.
Earned net income of $143,000.
Declared and paid cash dividends of $58,500.
Prepare the stockholders' equity section of Concord Corporation's December 31,2022, balance sheet.
Concord Corporation Balance Sheet (Partial)
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