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Blue Spruce Corp. decided to issue common stock and used the $ 4 1 4 , 5 0 0 proceeds to redeem all of its

Blue Spruce Corp. decided to issue common stock and used the $414,500 proceeds to redeem all of its outstanding bonds on January 1,2022. The following information is available for the company for 2022 and 2021.
\table[[,2022,2021],[Net income,$183,500,$147,500
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