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On February 1 of the current year, Spartanburg Corporation invested $ 1 2 0 , 0 0 0 in a new delivery truck. The truck
On February of the current year, Spartanburg Corporation invested $ in a new delivery truck. The truck is being depreciated at a monthly rate of $ During the year, the company issued additional stock for $ and declared dividends of $ Its net income for the year was $ Spartanburgs ending Retained Earnings balance reported in its December balance sheet was $ Its beginning Capital Stock balance on January of the current year was $ Given this information, determine the total stockholders equity reported in the companys balance sheet dated December of the current year.
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