The financial statements for Highland Corporation included the following selected information:       Common stock $ 940,000 Retained earnings $ 750,000 Net income $ 1,190,000 Shares issued   94,000 Shares outstanding   67,000 Dividends declared and paid $ 690,000     The common stock was sold at a price of $35 per share.     Required: 1. What is the amount of additional paid-in capital?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter16: Retained Earnings And Earnings Per Share
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The financial statements for Highland Corporation included the following selected information:

 

   
Common stock $ 940,000
Retained earnings $ 750,000
Net income $ 1,190,000
Shares issued   94,000
Shares outstanding   67,000
Dividends declared and paid $ 690,000
 

 

The common stock was sold at a price of $35 per share.

 

 

Required:

1. What is the amount of additional paid-in capital?

 
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