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Matty Inc issued 1,250 shares of its $2.00 stated value common stock for $30 per share, and declared and paid cash dividends totaling $2.00 per

Matty Inc issued 1,250 shares of its $2.00 stated value common stock for $30 per share, and declared and paid cash dividends totaling $2.00 per share. By what amount does contributed capital increase as a result of these events?

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