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Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the company earned

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Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the company earned cash revenues of $5,000, paid cash expenses of $3,250, and paid a cash dividend of $800. Which of the following is true based on this information? Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the company earned cash revenues of $5,000, paid cash expenses of $3,250, and paid a cash dividend of $800. Which of the following is true based on this information

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