DE13-7 At December 31, 1999, The Coca-Cola Company reported the following on its comparative balance sheet, which included 1998 amounts for comparison (adapted, with all amounts except par value in millions): Common stock $0.25 par value Authorized: 5,600 shares December 31, 1999 1998 Issued: 3,466 shares in 1999 $ 867 3.460 shares in 1998. $ 865 Paid-in capital in excess of par. 2,584 2,158 Retained earnings... 20,773 19.922 1. How much did Coca-Cola's total paid-in capital increase during 1999? What caused total paid-in capital to increase? How can you tell? 2. Journalize Coca-Cola's issuance of stock for cash during 1999. 3. Did Coca-Cola have a profit or a loss for 1999? How can you tell?