answer asap The company was organized on January 1. Year 1....
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The company was organized on January 1. Year 1. The firm was authorized to issue 1,000,000 shares of $2 par value common stock. During Year 1. the company had the following transactions relating to stockholders' equity: Issued 20,000 shares of common stock at $9 per share. Issued 50,000 shares of common stock at $11 per share. Reported a net income of $200,000 Paid dividends of $40,000. Purchased 1,500 shares of treasury stock at $20 What is total paid-in capital at the end of Year 1? What is the ending balance in the Retained Earnings account at the end of Year 1? What is total stockholders' equity at the end of Year 1
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