Prepare the company’s stockholders equity section of the balance sheet to reflect this information.

Melcher, Inc., originally sold 100,000 shares of its $ 10 par value common stock at $ 25 per share. Several years later the company repurchased 10,000 of these shares at $ 57 per share. Melcher currently holds those shares in treasury. Prepare the company’s stockholders equity section of the balance sheet to reflect this information.


 

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