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Co. had the following transactions in 2017, its first year of operations. (5 pts) Issued 5,000 shares of common stock. Stock has par value of

Co. had the following transactions in 2017, its first year of operations. (5 pts)

Issued 5,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $30.00 per share.

Earned net income of $200,000.

Paid dividends of $5.00 per share.

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