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Sandhill Co. has the following items: common stock, $1585000; treasury stock, $212000; deferred income taxes, $243000 and Retained Earnings, $781000. What total amount should Sandhill

image text in transcribed Sandhill Co. has the following items: common stock, $1585000; treasury stock, $212000; deferred income taxes, $243000 and Retained Earnings, \$781000. What total amount should Sandhill Co. report as stockholders' equity? $2578000 $2397000 $2154000 $1373000

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