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On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $60,000. On December 1, 2013, Mehrzad bought 3,000

On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $60,000. On December 1, 2013, Mehrzad bought 3,000 shares at a price of $7/share. What are the number of outstanding shares?

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