Presenting Paid-In Capital Honeywell International Inc., maker of thermostats and a variety of complex control systems, presented the following in its January 1, 2003 balance sheet (in millions).

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Common stock $1.00 par value, 957,599,900 shares issued Additional paid-in capital ? $3,409 What amount should be shown on the common stock line? What was the average price per share paid by the original investors for the Honeywell common stock? How do your answers compare with the $24 market price of the stock on January 1, 2003? Comment briefly.