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On December 3 1 , 2 0 2 2 , the Stockholders Equity Section of Duncan Corp. was as follows: Common Stock, par value $
On December the Stockholders Equity Section of Duncan Corp. was as follows:
Common Stock, par value $authorized shares issued $
and outstanding shares
Additional paidin Capital
Retained Earnings
Total Stockholders Equity $
On January Duncan issued shares for $share
During Duncan has the following transactions:
On January Duncan reacquires shares at a cost of $share and holds these shares in treasury
On April Duncan reissues shares of treasury stock for $share
On September Duncan reissues shares of treasury stock for $share
On December Duncan declares a stock dividend and accordingly issues shares. The stocks fair value at that time is $share
For the year ended Duncan reports earnings of $
What amount should the company report as retained earnings on its December balance sheet?
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