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QUESTION
On January 1, Gucci Brothers Inc. started the year with a $703,000 balance in retained earnings and a $594,000 balance in common stock.
On January 1, Gucci Brothers Inc. started the year with a $703,000 balance in retained earnings and a $594,000 balance in common stock. During the year, the company reported net income of $95,000, paid a dividend of $15,000, and issued more common stock for $29,500. What is total stockholders' equity at the end of the year?
