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Smith Company has the following balances at the beginning of the current year, 2025: Common Stock $406,000 Paid-In Capital Excess of Par $130,000 Retained Earnings
Smith Company has the following balances at the beginning of the current year, 2025: Common Stock $406,000 Paid-In Capital Excess of Par $130,000 Retained Earnings $170,000 During the year, the company declared and paid dividends of $32,000 and had net income at the end of the year of $214,000. The company had also overstated Salaries Expense from last period by $10,000. What is the ending total stockholders' equity (assume no transactions related to common stock occurred)?
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