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You've Made It Corporation presents the following partial balance sheet as of December 31, 2015:
Stockholders' Equity
Contributed Capital
Preferred stock, 4% cumulative ($25 par value; 50,000 shares authorized;
30,000 shares issued and outstanding )
$ 750,000
Capital in excess of par, preferred stock
225,000
Common stock ($0.01 par value; 800,000 shares authorized; ________ shares issued and ____ shares outstanding
5,000
Capital in excess of par, common stock
1,300,000
Total contributed capital
$ 2,280,000
Retained Earnings
1,020,000
Treasury Stock, 40,000 common shares, at cost
(120,000)
Total stockholders' equity
$ 3180,000
How much capital did the company raise by issuing preferred stock?
Prepare Trading and Profit and Loss Account and Balance Sheet from the following particulars as on Mar 31, 2009.
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