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On January 1, JAMC Corporation's balance sheet showed the Owners' Equity account was $61,400. During the year, net income was $15,675 and the company paid

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On January 1, JAMC Corporation's balance sheet showed the Owners' Equity account was $61,400. During the year, net income was $15,675 and the company paid dividends of $1,035. The company also repurchased $9,800 of its stock/equity during the year. What was the Owners' Equity account at the end of the year (December 31)

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