Show the capital accounts at the end of the first year of operation for a firm that,at the beginning of the year,issued 50,000 shares of $1.50 par value common stock for $15 per share,repurchased 5,000 shares during the year at $20 per share,and paid out (at the end of the year)40% of earnings as dividends with a 50 cent per share dividend.

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The Answer of Show the capital accounts at the end of the first year of operation for a firm that,at the beginning of the year,issued 50,000 shares of $1.50 par value common stock for $15 per share,repurchased 5,000 shares during the year at $20 per share,and paid out (at the end of the year)40% of earnings as dividends with a 50 cent per share dividend.

Show the Capital Accounts at the End of the First