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On January 1 , 2 0 0 6 , two individuals invested $ 5 0 0 , 0 0 0 each to form Jordan Corporation.

On January 1,2006, two individuals invested $500,000 each to form Jordan Corporation. Jordan had total revenues of $200,000 during 2006 and $250,000during 2007. Total expenses for the same periods were $120,000 and $140,000 respectively. Cash dividends paid out to stockholders totaled $20,000 in 2006 and $25,000 in 2007. What was Jordans total stockholders' equity at the end of 2006 and 2007?

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