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Eastern Wireless, Inc. needed additional capital to expand, so the business incorporated. The charter from...

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Accounting

Eastern Wireless, Inc. needed additional capital to expand, so the business incorporated. The charter from the state of New Mexico authorizes Eastern Wireless comma Inc. to issue 130,000 shares of 9%, $ 120 par value cumulative preferred stock and 180,000 shares of $ 1 par value common stock. During the first month, Eastern Wireless comma Inc. completed the following transactions:
Assume Eastern Wireless, Inc.'s net income for the month was $97,000.Prepare a statement of stockholders' equity for Eastern Wireless comma Inc. for the month ended October 31,2025.
The opening balances, which are all 0 for the first month of operations, have been entered for you.
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