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A corporation has the following account balances: Common stock, $ 1 par value, $ 6 0 , 0 0 0 ; Paid - in Capital

A corporation has the following account balances: Common stock, $1 par value, $60,000; Paid-in Capital in Excess of Par, $1,300,000. Based on this information, the
legal capital is $1,360,000.
number of shares issued are 60,000.
number of shares outstanding are 1,360,000.
average price per share issued is $22.50.
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