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QUESTION

Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012:

Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012:

Cash$ 227,000

Merchandise Inventory (12/31/2012)100,000

Equipment120,000

Accounts Receivable105,000

Common Stock ($.50 par)350,000

Sales880,000

Rent Expense67,000

Bonds Payable (due 2040)120,000

Accounts Payable27,000

Dividends10,000

Treasury Stock, Common (19,000 shares)47,000

Preferred Stock 6% ($10 par)85,000

Land260,000

Paid-in Capital in Excess of Par Value, Preferred8,000

Cost of Goods Sold720,000

Interest Expense20,000

Unearned Revenue23,000

Paid-in Capital from Treasury Stock Transactions, Common56,000

Allowance for Doubtful Accounts5,000

Operating Expenses95,000

Accumulated Depreciation- Equipment30,000

Paid-in Capital in Excess of Par Value, Common117,000

Retained Earnings (1/1/2012)70,000

At December 31, 2012, what is the total paid-in capital, the net realizable value of accounts receivable, and the number of outstanding common shares?

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