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Bagwell's net income for the year ended December 31, Year 2 was $191,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash
Bagwell's net income for the year ended December 31, Year 2 was $191,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 Year 1 $506,000 $455,400 954,000 858,400 694,000 587,400 Multiple Choice O $106,600. O O $95,600. O $146,200. O $191,000. o $50,600
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