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Question 1 (0.5 points) Clarist Inc. issued 50,000 shares of $3 par common stock at $5.25 per share at the start of the year. In

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Question 1 (0.5 points) Clarist Inc. issued 50,000 shares of $3 par common stock at $5.25 per share at the start of the year. In the last month of the year, they bought back 100 common shares to use as holiday bonuses paying $20.30 per share for the repurchased shares. What is the balance in the paid in capital in excess of par account at year end? Respond rounded to whole dollars, without a dollar sign and without commas. Your

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