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On December 3 1 , 2 0 X 1 , the Stockholders' Equity section of Mercedes Corporation was as follows: Common stock, par value $

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On December 31,20X1, the Stockholders' Equity section of Mercedes Corporation was as follows:
Common stock, par value $5; authorized 30,000 shares; issued and outstanding, 9,000 shares
Additional paid-in capital
Retained earnings
Total stockholders' equity
\table[[$45,000
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