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JKLCompanyissued1,000sharesof$25parvaluecommonstockfor$30pershareon March 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.

JKL Company issued 1,000 shares of $25 par value common stock for $30 per share on March 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.

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