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JKLCompanyissued1,500sharesof$30parvaluecommonstockfor$35pershareon May 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.

JKL Company issued 1,500 shares of $30 par value common stock for $35 per share on May 1st, 2023. Calculate the total proceeds received by JKL Company from the issuance of common stock.

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