Entity E does not account for sales taxes separately when making sales. The sales tax rate is 5%. If the total amount collected was $68,250, how much was the sales tax? Round to the nearest dollar if necessary.

		$65,000.
		$68,250.
		$3,413.
		$3,250

Entity I had the following accounts: Common stock, $2 par, 1,000 shares authorized, 800 shares issued, 725 shares outstanding $ 1,600 Paid-in-capital in excess of par 800,000 Treasury stock (75 shares at cost) 112,500 Retained earnings 300,000 What is Total Stockholders Equity?

		$1,101,600
		$801,600
		$1,214,100
		$989,100

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