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1 . In addition, the company had common stock of $ 6 5 , 0 0 0 at the beginning of the year and issued

1.In addition, the company had common stock of $65,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet.
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