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14. On January 1, a company had beginning balances in Retained Earnings and Common Stock of $39,000 and $78,540, respectively. During the year, $26,560
14. On January 1, a company had beginning balances in Retained Earnings and Common Stock of $39,000 and $78,540, respectively. During the year, $26,560 in additional common stock was issued, and $17,300 in dividends were paid. If net income was $32,500, the ending balance of total stockholders' equity is 0
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