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Presented below is information related to Hale Corporation: Common Stock, $1 par $4,500,000 Paid-in Capital in Excess of ParCommon Stock 550,000 Preferred 8 1/2% Stock,

Presented below is information related to Hale Corporation:

Common Stock, $1 par $4,500,000
Paid-in Capital in Excess of ParCommon Stock 550,000
Preferred 8 1/2% Stock, $50 par 2,000,000
Paid-in Capital in Excess of ParPreferred Stock 400,000
Retained Earnings 1,500,000
Treasury Common Stock (at cost)

150,000

Reference: Ref 15-1 The total paid-in capital (cash collected) related to the common stock is

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