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For the year ended December 31, 2010, Transformers Inc. Reported the following: Net income $ 60,000 Preferred dividends declared 10,000 Common dividend declared 2,000 Unrealized holding loss, net of tax 1,000 Retained earnings, beginning balance 80,000 Common stock 40,000 Accumulated Other Comprehensive Income, Beginning Balance 5,000 What would Transformers report as the ending balance of Retained Earnings? Item Ans. Item Ans. Reported the following: Net income $ Preferred dividends declared Common dividend declared Unrealized holding loss, net of tax Retained earnings, beginning balance Common stock Accumulated Other Comprehensive Income, Beginning Balance What would Transformers report as total stockholders" equity?