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Several years ago, Baker Storage issued 4,000,000 shares of its $1 par common stock for $15...

Several years ago, Baker Storage issued 4,000,000 shares of its $1 par common stock for $15 per share. last year, for the first time, Baker required 100,000 of those shares for $13 per share. Assuming that Baker immediately retires all shares that it requires, by what amount will Baker's retained earnings change if it now requires another 100,000 shares for $20 per share?

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shares issued $15 per share. Additional paid in capitul $ 15-$1 $14 per share Shares acquired at a $20 per Share Retalned ear

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