Question: Additional data: 1. Depreciation expense was $15,200. 2. Dividends declared and paid were $25,700. 3. During the year, equipment was sold for $8,800 cash. This


Additional data: 1. Depreciation expense was $15,200. 2. Dividends declared and paid were $25,700. 3. During the year, equipment was sold for $8,800 cash. This equipment originally cost $17,500 and had accumulated depreciation of $8,700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. 6. 15,000
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