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Rutgers Company reported the following information for 2020 Stockholders' equity at January 1 : $300,000 Net income 60,000 Dividends paid 20,000 Issuance of common stock

Rutgers Company reported the following information for 2020
Stockholders' equity at January 1 : $300,000
Net income 60,000
Dividends paid 20,000
Issuance of common stock to stockholders 40,000
What is the total amount of stockholders' equity at December 31, 2020?

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