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Blue Devil Corp. issues 97607 shares of $4 par value Preferred Stock for $874862 cash. What value should Blue Devil Corp. report on its balance

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Blue Devil Corp. issues 97607 shares of $4 par value Preferred Stock for $874862 cash. What value should Blue Devil Corp. report on its balance sheet for Preferred Stock? $ (note: round answer to the nearest whole number, enter numbers only; no commas, periods, symbols, etc.)

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