(Answered) Question the stockholders equity section of marin

Accounting

Question: The stockholders' equity section of Marin Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,370 shares,

outstanding 91,370

shares $4,568,500

Common stock, $1.00 par,

authorized and issued 10,844,900

shares $10,844,900

Additional paid-in capital $20,539,000

Retained earnings $134,841,000

Net income $33,000,000 $167,841,000 $203,793,400

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