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On January 1 , 2 0 Y 1 , Marlow Corporation had the following shareholders' equity account balances: Additional paid - in capital on common

On January 1,20Y1, Marlow Corporation had the following shareholders' equity account balances:
Additional paid-in capital on common stock
280,000
Common stock, $5 par (30,000 shares authorized)
150,000
Retained earnings
340,000
During 20Y1, the following events occurred in the order listed and were properly recorded:
1.
The company issued 3,000 shares of common stock at $25 per share.
2.
The company earned net income of $126,300.
3.
The company paid a $1.20 per share dividend on its common stock.
What is the ending balance on the statement of changes in shareholders' equity for 20Y1.

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