question archive Lufia Corporation has the following account balances at December 31,2003

Lufia Corporation has the following account balances at December 31,2003

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Lufia Corporation has the following account balances at December 31,2003.

Common stock, $5 par value ....................................... $210,000

Treasury stock.......................................................90,000

Retained earnings...................................................2,340,000

Paid-in capital in excess of par....................................1,320,000

Prepare Lufia's December 31,2003, stockholders' equity section.

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