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Watt Company was established in January, Year 1 . During Year 1 the company experienced the following events. Collected $ 7 , 5 0 0

Watt Company was established in January, Year 1. During Year 1 the company experienced the following events.
Collected $7,500 cash from the issue of common stock.
Borrowed $4,500 cash from the state bank.
Earned $5,500 of cash revenue.
Paid $3,500 cash expenses.
The company was liquidated at the end of Year 1. Based on this information
A. The creditor (the bank) would receive $2000
B. the stockholders would receive $7500
C. the creditors (the bank) would receive $7500
D. the stockholders would recieve $9500

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