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Jordan's net income for the year ended December 31, Year 2 was $201,000 Information from Jordan's comparative balance sheets is given below. Compute the cash
Jordan's net income for the year ended December 31, Year 2 was $201,000 Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2. At December 31 Year 2 Common Stock, $5 par value $516,000 Year 1 $ 464,400 Paid-in capital in excess of par 964,000 867,400 Retained earnings 704,000 596,400 Multiple Choice O O O $51,600 $96,600 $148,200 $201,000 $107,600
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