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500,000 shares @ 100 par preferred sold at 116 100,000 common @ 10 par sold at 10.50 shareholder equity 1,860,000.00 what is retained earning

500,000 shares @ 100 par preferred sold at 116

100,000 common @ 10 par sold at 10.50

shareholder equity 1,860,000.00

what is retained earning

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