Question

The following stockholders' equity accounts, arranged alphabetically, are in the records of Marvel Corporation at December...

The following stockholders' equity accounts, arranged alphabetically, are in the records of Marvel Corporation at December 31, 2020.

Common shares ($5 book value)

$2,800,000

Contributed Capital in Excess of Par Value—Preferred shares

45,000

Contributed Capital in Excess of Book Value—Common shares

1,050,000

Preferred shares, 8%, $100 par, non-cumulative)

1,000,000

Retained Earnings

1,684,000

Treasury Shares (10,000 shares)

98,000

Required

Prepare the shareholders’ equity section of the balance sheet at December 31, 2020.

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