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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: (Enter your answers in dollars, not in millions.)

common stock (par value):

Additional Pain-in capital:

retained earnings:

net common equity: 2200000

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