Lee Corporation is an American company that began operations on January 1. 2004. It has merely completed its 4th full twelvemonth of operations on December 31. 2007. Ending Year Balances for the anterior twelvemonth that ended on December 2006 were as follows:
Retained Net incomes: $ 225. 000
Common Stock at par: $ 500. 000
Extra Paid-in Capital: $ 1. 000. 000
Treasury Stock: $ 200. 000
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