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In 2019 Concord Corporation has $1,830,000 in assets and $1,830,000 in stockholders' equity, with 64,000 shares outstanding the entire year. In the past year it

image text in transcribed In 2019 Concord Corporation has $1,830,000 in assets and $1,830,000 in stockholders' equity, with 64,000 shares outstanding the entire year. In the past year it had net income of $81,000. On January 1,2020 , it issued $320,000 in debt at 5% and immediately repurchased 18,000 shares for $320,000. Management expected that. had it not issued the debt, it would again have had net income of $81,000. (a) Determine the Company's net income and earnings per share for 2019 and 2020. (Ignore taxes in your computations.) eTextbookand Media Attempts: 0 of 3 used (b) The parts of this quostion must be completed in order. This part will be available when you complete the part above

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