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Use the following information to answer questions 21 and 22. Following is information related to Hale Corporation: Common Stock, $ 1 par value $ 4,500,000

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Use the following information to answer questions 21 and 22. Following is information related to Hale Corporation: Common Stock, $ 1 par value $ 4,500,000 Contributed Capital in Excess of Par Value - Common Shares 550,000 Preferred Stock, 8.5%, $ 50 Par value 2,000,000 Contributed Capital in Excess of Par Value - Preferred Shares 400,000 Retained Earnings 1,500,000 Shares in Portfolio (at cost) 150,000 21. The total equity of the shareholders of Hale Corporation is: to. $ 8,800,000 b. $ 8,950,000 c. $ 7,300,000. d. $ 7,450,000 22. The Total Contributed Capital (Total Paid-in Capital) related to the Common Shares is to $4,500,000 b. S 5,050,000. c. $ 5,450,000 d. $ 4,900,000

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