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7. Excess, Inc.'s corporate charter allows it to sell 100,000 shares of $1 par value common stock. During 2019, its first year of business, it

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7. Excess, Inc.'s corporate charter allows it to sell 100,000 shares of $1 par value common stock. During 2019, its first year of business, it sold 20,000 shares of its common stock at $9 per share. Net income for 2019 was $13,000 and dividends of $2,000 were declared. It repurchased 200 shares of its stock for $10 per share. Fill in the missing amounts in the spaces provided for both the statement of changes in shareholders' equity and the shareholders' equity section of the balance sheet. Vecember 31,2014 Common stock, 6. par value, 7. shares authorized, 8. shares issued 9. Additional paid-in capital in excess of par 10. Retained earnings 11. Treasury stock 12. Total shareholders' equity 13. 14. How many common stock shares are outstanding as of December, 31, 2019

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