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3. Analysis of stockholders' equity
Star Corporation issued both common and preferred stock during 20X6.
The stockholders' equity sections of the company's balance sheets at
the end of 20X6 and 20X5 follow.
20X6
20X5
Preferred stock, $100 par value, 10%
$580,000
$500,000
Common stock, $10 par value
2,350,000
1,750,000
Paid-in capital in excess of par value
Preferred
24,000