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During the past year, the company issued 3 . 2 million shares of new stock at a total price of $ 2 0 . 8

During the past year, the company issued 3.2 million shares of new stock at a total price of $20.8
million, and issued $7.6 million in new long-term debt. The company generated $12.24 million in net income
and paid $2.48 million in dividends. Construct the current balance sheet reflecting the changes that
occurred on the company's balance sheet during the year.
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