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The stockholders' equity section of Peter Corporation's balance sheet at December 31,201, follows: On January 2, 20X2, Peter purchased and retired 100,000 shares of its

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The stockholders' equity section of Peter Corporation's balance sheet at December 31,201, follows: On January 2, 20X2, Peter purchased and retired 100,000 shares of its stock for $1,800,000. Required: What is the balance in the Additional paid-in capital and Retained earnings accounts immediately after the shares were retired

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