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The December 31, 2021, balance sheet of Chen, Incorporated,showed long-term debt of $1,405,000, $141,000 in the common stockaccount, and $2,660,000 in the additional paid-in surplus

The December 31, 2021, balance sheet of Chen, Incorporated,showed long-term debt of $1,405,000, $141,000 in the common stockaccount, and $2,660,000 in the additional paid-in surplus account.The Dec 2 answers

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