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On January 1, Gucci Brothers Inc. started the year with a $706,000 balance in retained...

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Accounting

On January 1, Gucci Brothers Inc. started the year with a $706,000 balance in retained earnings and a $599,000 balance in common stock. During the year, the company reported net income of $98,000, paid a dividend of $14,900, and issued more common stock for $24,000. What is total stockholders' equity at the end of the year?

$1,364,100

$1,305,000

$1,441,900

$1,412,100

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