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Common Products has just made its first issue of stock. It raised $28 million by selling 400,000 shares of stock to the public. These are

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Common Products has just made its first issue of stock. It raised $28 million by selling 400,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid-in capital Retained earnings Net common equity $ 3,400,000

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