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ke Corporatin reportsthe folowing omponents f tockholders equtyon December 31,203 Common stock-$25 par value, 110,000 shares authorized, 55,000 shares Issued and outstanding Pald-In capltal In
ke Corporatin reportsthe folowing omponents f tockholders equtyon December 31,203 Common stock-$25 par value, 110,000 shares authorized, 55,000 shares Issued and outstanding Pald-In capltal In excess of par value, common stock Retained earnings $1,375,000 130,000 470,000 Total stockholders' equity 1,975,000 In year 2014, the following transactions affected its stockholders' equity accounts: Purchased 5,500 shares of Its own stock at $27 cash per share. Directors declared a $5 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Pald the dividend declared on January 5. Sold 1,500 shares of treasury stock for $28 per share Sold 1,500 shares of treasury stock for $15 per share Directors declared a $1.50 per share cash dividend payable on July 15 to the June 30 Jan. 1 Jan. 5 Feb. 28 Mar. 3 May 25 June 15 stockholders of record Pald the dividend declared on June 15 July 15 What is the amount in the Retained Earnings account immediately after the dividend on July 15
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