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A corporation had $75,000 in owners' equity at the beginning of a period. The corporation earned $5000 in aftertax income and paid $3000 out as

A corporation had $75,000 in owners' equity at the beginning of a period. The corporation earned $5000 in aftertax income and paid $3000 out as dividends during this period. The corporation also repurchased $7000 of stock from the shareholders this period. What is the value of the owners' equity at the end of this period?

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