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(Chpts 1 & 2) On January 1, Gucci Brothers Inc. started the year with a $692,000 balance in Retained Earnings and a $596,000 balance in

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(Chpts 1 & 2) On January 1, Gucci Brothers Inc. started the year with a $692,000 balance in Retained Earnings and a $596,000 balance in common stock. During the year, the company reported net income of $103,000, paid a dividend of $14,200, and issued more common stock for $25.000. What is total stockholders equity at the end of the year? Multiple Choice $1433.200 $1288.000 $1404800 $1348.800 21

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