Tinman Corporation reports the following balances at the end of the current year: Common Stock, $5 par, $50,000; Retained Earnings, $120,000; Additional Paid-in Capital on Common Stock, $200,000; Income Taxes Payable, $9,800; and Accumulated Oilier Comprehensive Income, $24,500. Prepare the shareholders’ equity section of Tinman’s year-end balance sheet.
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