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Jia Ltd forfeited 50,000, $10 shares that had been paid to $8 but on which a $2 call was outstanding. The companys constitution provided for

Jia Ltd forfeited 50,000, $10 shares that had been paid to $8 but on which a $2 call was outstanding. The companys constitution provided for any surplus on reissue to be returned to the forfeiting shareholders. The forfeited shares were reissued as paid to $10.00 for a payment of $8.80 per share. Costs of reissue amounted to $5,000. The amount of the surplus repaid to the shareholders whose shares were forfeited is:

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