The following data were extracted from the income statement of Saleh Inc.: Current Year Previous Year Sales $12,750,000 $13,284,000 Beginning inventories 840,000 800,000 Cost of goods sold 6,375,000 7,380,000 Ending inventories 860,000 840,000
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Pike Corporation has total stockholders' equity of $8,690,000 as of December 31, 2017. The company has 300,000 shares of $2 par value common stock and 20,000 shares of 8% cumulative preferred stock, $100 par value, outstanding.
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