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On December 1 , 2 0 1 1 , Millstone Corporation invested $ 4 5 , 0 0 0 in a new delivery truck. The

On December 1,2011, Millstone Corporation invested $45,000 in a new delivery truck. The truck
is being depreciated at a monthly rate of $500. During 2011, the company issued stock for $60,000
and declared dividends of $5,000. Its net income in 2011 was $70,000. Millstones ending Retained
Earnings balance as reported in its December 31,2011, balance sheet was $90,000. Its beginning
Capital Stock balance on January 1,2011, was $200,000. Given this information, determine the
total stockholders equity reported in the companys balance sheet dated December 31,2011.

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