Moretown, Inc. completed the following transactions in 2017, its first year of operations:1. Issued 35,000...
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Moretown, Inc. completed the following transactions in 2017, its first year of operations:
1. Issued 35,000 common shares. The shares have a par value of $1.00 per share and were issued at $23.00 per share.
2. He earned a net income of $75,000.
3. It did not pay dividends.
At the end of 2017, what is the total stockholders' equity?
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