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Bagwell's net income for the year ended December 31, Year 2 was $188,000. 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 $188,000. 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 $503,000 $452,700 951,000 855,700 691,000 584,700 Multiple Choice $50,300 0 $95,300. 0 $106,300. 0 $145,600. 0 $188,000
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