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The LeRoy Company had Retained Earnings ( all unappropriated ) of $ 1 0 , 0 0 0 on 1 / 1 / 1 5

The LeRoy Company had Retained Earnings (all unappropriated) of $10,000 on 1/1/15. The only
paid-in capital account existing was due to Common Stock issued. LeRoy properly recorded
these transactions in 2015:
(1)10% Stock dividend (Total Market Value of dividend $1,500, Par Value $1,000)
(2) Sale of Treasury Stock for $4,000 below Cost
(3) Liquidating dividend $1,000
(4) Net Income $4,200
LeRoy 12/31/15 Retained Earnings is:

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