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Help Save Jordan's net income for the year ended December 31, Year 2 was $199,000. Information from Jordan's comparative balance sheets is given below.
Help Save Jordan's net income for the year ended December 31, Year 2 was $199,000. Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Common Stock, $5 par value Year 2 Year 1 Paid-in capital in excess of par Retained earnings $ 514,000 962,000 702,000 5 462,600 865,600 594,600
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