The following account balances were drawn from the financial statements of Grayson Company:Cash: $8,800Accounts Receivable: $3,000Land: $16,000Accounts Payable: $2,500Common Stock:? Retained Earnings, Jan. 1: $5,400Revenue: $19,000Expenses: $14,500Based on the above information, what is the balance of Common Stock for Grayson Company?
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