The following is the stockholders' equity section of Harbor Co.'s balance sheet on December 31: Common stock $10 par, 100,000 shares authorized, 50,000 shares issued of which 5,000 have been reacquired, and are held in treasury $ 450,000 Additional
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Nevada Boot Co. reported net income of $217,000 for its year ended December 31, 2021. Purchases totaled $152,900. Accounts payable balances at the beginning and end of the year were $36,600 and $32,100, respectively.
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