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Stockholders equity totaled $ 9 1 , 0 0 0 at the beginning of the year. During the year, net income was $ 2 1

Stockholders equity totaled $91,000 at the beginning of the year. During the year, net income was $21,000, dividends of $7,500 were declared and paid, and $19,000 of common stock was issued at par value.

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