10% cumulative preferred stock , par value $10 and liquidation value $1 1 : 000 shares authorized and issued : 000 shares outstanding $100, 000...

question 1

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10% cumulative preferred stock , par value $10and liquidation value $1 1 : 20. 000 sharesauthorized and issued : 10. 000 shares outstanding$100, 000Common stock - authorized 50, 000 and 40. 000outstanding; $ 1 par value$ 40. 000Additional paid - in capital$350. 000Retained earnings$230. 000