(Answered) 1 ermler corporation has the following accounts at december

Accounting

1. Ermler Corporation has the following accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par Value $20,000; Retained Earnings $45,000; and Treasury Stock-Common, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet.

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