At December 31,2010, Kingston Company reported the following on its comparative balance sheet, which included 2009 amounts for comparison (adapted, with all amounts in millions except par value per share):

1. How much did Kingston Company’s total paid-in capital increase during 2010? What caused total paid-in capital to increase? How can you tell?
2. Did Kingston Company have a profit or a loss for 2010? How can you tell?

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December 31 2010 2009 Common Stock, $0.25 par value, 500,000 shares authorized, 350,000 shares issued and outstanding in 2010; 349,000 shares in 2009 Paid-in Capital in Excess of Par $ 87,500 $ 87,250 385,500 352,000 Retained Earnings 2,500,000 2,250,000