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Common Products has just made its first issue of stock. It raised $1.3 million by selling 250,000 shares of stock to the public. These are

Common Products has just made its first issue of stock. It raised $1.3 million by selling 250,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table:

Common stock (par value) $

Additional paid-in capita $

Retained earnings $

Net common equity $1,800,000

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