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1 Stockholders' Equity ( January 1 ) Common stock - $ 4 par value, 1 5 0 , 0 0 0 shares authorized, 6 0

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Stockholders' Equity (January 1)
Common stock-$4 par value, 150,000 shares authorized, 60,000 shares issued and outstanding
paid-in capital in excess of par value, common stock
Retained earnings
Total stockholders' equity
\table[[$240,000
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