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Common Stock 1/1 Bal. 710000 5/15 12/31 Bal. Paid-in Capital in Excess of Par 1/1 Bal. 4/15 71000 781000 486000 28400 12/31 Bal. 514400

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Common Stock 1/1 Bal. 710000 5/15 12/31 Bal. Paid-in Capital in Excess of Par 1/1 Bal. 4/15 71000 781000 486000 28400 12/31 Bal. 514400 Retained Earnings 12/31 82360 1/1 Bal. 660000 12/31 5/15 99400 4/15 12/31 Bal. Common Stock Dividends Distributable 71000 4/15 362000 840240 198800 12/31 Bal. 127800 Cash Dividends 1/15 35500 12/1 46860 12/31 362000 12/31 Bal. 82360 12/31 Bal. 82360 4/15 Stock Dividends 99400 12/31 99400 12/31 Bal. 99400 12/31 Bal. 99400

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