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Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $11

Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $11 per share. Determine the financial statement effects of the issuance of common stock.

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