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(H) Corporation was organized on January 1, 2019. During 2019, (H) issued 20,000 shares at $35 per share, purchased 4,000 treasury shares at $30 per

(H) Corporation was organized on January 1, 2019. During 2019, (H) issued 20,000 shares at $35 per share, purchased 4,000 treasury shares at $30 per share, and had net income of $700,000. What is the total amount of equity at December 31, 2019

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