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Information on shareholder's equity as currently shown on the books of the barks Corporation is given as: Common Shares (2.00 par value ) 350,000 Capital

Information on shareholder's equity as currently shown on the books of the barks Corporation is given as:

Common Shares (2.00 par value ) 350,000

Capital in excess of par 0

Retained Earnings 7,800,000 Rework the shareholder's equity as it appears on the books if the company issues 40,000 new shares of common at $70 per share.

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