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Sheffield Corporation began business by issuing 180500 shares of $5 par value common stock for $30 per share. During its first year, the corporation sustained

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Sheffield Corporation began business by issuing 180500 shares of $5 par value common stock for $30 per share. During its first year, the corporation sustained a net loss of $30100. The year-end balance sheet would show Common stock of $5415000. Total paid-in capital of $932600. Common stock of $902500. Total paid-in capital of $5384900

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