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Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $18,000

Superior has provided the following information for its recent year of operation:

The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000.

The additional paid-in capital account balance increased $3,400 during the year.

The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $88,000.

Net income was $35,000.

How much did Superior sell its common stock for during the year?

Multiple Choice

  • $3,400.

  • $19,000.

  • $4,400.

  • $1,000.

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