Notebook Company had the following transactions in 2019, its first year of operations.
· Issued 2,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $50.00 per share.
· Issued 100 shares of $100 par value preferred stock. Shares were issued at par.
· Earned net income of $95,000.
· Paid dividends of $5,000.
At the end of 2019, prepare the stockholders' Equity section.
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