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E11-10 Sather Inc.

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E11-10 The following accounts appear in the ledger of Sather Inc. after the books are
closed at December 31, 2012.
Common Stock (no-par, $1 stated value, ................400,000 shares
authorized, 250,000 shares issued) ....................$ 250,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,200,000
Preferred Stock ($50 par value, 8%, 40,000 shares authorized,
14,000 shares issued) ..................................700,000
Retained Earnings ......................................920,000
Treasury Stock (9,000 common shares) ...................64,000
Paid-in Capital in Excess of Par Value—Preferred Stock 24,000

Prepare the stockholders’ equity section at December 31, assuming $100,000 of retained
earnings is restricted for plant expansion. (Use Note R.)

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