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Wendell Company provided the following pertaining to its accounting year that ended December 31, 2019: Common stock with a $10,000 par value was sold for

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Wendell Company provided the following pertaining to its accounting year that ended December 31, 2019: Common stock with a $10,000 par value was sold for $40,000 cash Cash dividends totaling $22,000 were declared, of which $17,000 were paid Net income was $60,000 A5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $25,000 market value Treasury stock repurchased in a prior year for $11,000 was resold for $9,000 and in the journal entry to record the sale, Additional paid-in capital what is the amount of the increase in Wendell's retained earnings for the year ended December 31, 2019? Multiple Choice $33,000. $15,000. O $13,000. $18,000

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