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Puppet Corporation began with an investment by shareholders of $17,000. a. In its first year, the income earned was $1,700. What would the equity section
Puppet Corporation began with an investment by shareholders of $17,000. a. In its first year, the income earned was $1,700. What would the equity section of its balance sheet show at year end? b. In the second year, it had an income of $10,300 and a dividend of $2,700 was paid. What would the equity section of its balance sheet show at year end? c. In the third year, Puppet sold more shares for a value of $8,500, earned income of $4,700, and paid a dividend of $2,200. What would the equity section of its balance sheet show at year end
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