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Sunland Corporation began business by issuing 179200 shares of $5 par value common stock for $20 per share. During its first year, the corporation sustained

Sunland Corporation began business by issuing 179200 shares of $5 par value common stock for $20 per share. During its first year, the corporation sustained a net loss of $29700. The year-end balance sheet would show Total paid-in capital of $925700. Common stock of $896000. Common stock of $3584000. Total paid-in capital of $3554300.

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