On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in retained...
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Accounting
On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in retained earnings and a $607,000 balance in common stock. During the year, the company reported net income of $96,000, paid a dividend of $14,200, and issued more common stock for $24,500. What is total stockholders' equity at the end of the year?
A. $1,446,700
B. $1,418,300
C. $1,312,000
D. $1,369,300
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