Asked by samantha
Superior has provided the following information for its recent year of operation:
The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000.
The additional paid-in capital account balance increased $4,300 during the year.
The retained earnings balance at the beginning of the year was $100,000 and the year-end balance was $97,000.
Net income was $44,000.
How much did Superior sell its common stock for during the year?
The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000.
The additional paid-in capital account balance increased $4,300 during the year.
The retained earnings balance at the beginning of the year was $100,000 and the year-end balance was $97,000.
Net income was $44,000.
How much did Superior sell its common stock for during the year?
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