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QUESTION
As of December 31, 2016:
As of December 31, 2016:
- Capital Stock, $1,000,000 ($1 par)
- Paid-In Capital in Excess of Par Value—Common, $4,000,000
- Retained Earnings Balance on January 1, 2016, $400,000
- Retained Earnings Balance on December 31, 2016, $300,000
- Dividends declared and paid in 2016: $1,100,000
How many shares of stock are issued and outstanding?
