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Common Products has just made its first issue of stock. It raised $1.9 million by selling 400,000 shares of stock to the public. These are

Common Products has just made its first issue of stock. It raised $1.9 million by selling 400,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: Common shares (par value) $ _________: Additional paid-in capital $ ________: Retained earnings $ _________ Net common equity $ 2,200,000

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