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Issued 5,400 shares of $2 par value common stock for $32. It authorized 20,000 shares. Issued 1,350 shares of 12%, $10 par value preferred stock
Issued 5,400 shares of $2 par value common stock for $32. It authorized 20,000 shares. Issued 1,350 shares of 12%, $10 par value preferred stock for $37. It authorized 3,000 shares. Reacquired 270 shares of common stock for $44 each. Retained earnings is impacted by reported net income of $64,000 and cash dividends of $22,000
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