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Incubus Corporation began with an investment by shareholders of $47.000 a. In its first year, its income showed a deficit of $7,700. What would the

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Incubus Corporation began with an investment by shareholders of $47.000 a. In its first year, its income showed a deficit of $7,700. What would the equity section of its balance sheet show at year end? (Negative answers should be indicated by a minus sign. Omit S sign in your response.) Common stock Retained earnings Total Stockholders' Equity b. In the second year, it had income of $15,700 and a dividend of $6,700 was pald. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' Equity c. In the third year, Incubus sold more shares for a value of $23,500, earned Income of $12,700, and paid a dividend of $6,700. What would the equity section of its balance sheet show at year end? Common stock Retained earnings Total Stockholders' quity

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