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When Crosset Corporation organized January 2018, it immidatelty issued 4,300 shares of $53 par, 6 percent, cumulative preferred stock and 9,500 shares $8 par common stock. Its earnings history as follows 2018 net loss of $15,400; 2019, net income of $65,000; 2020, net income of $105,200. The corporation did not pay a dividend in 2018.
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