1. the following information is available for Corporation:

Paid-in Capital in Excess of Stated ValueCommon 600,000

Preferred Stock550,000 Retained Earnings750,000 Treasury StockCommon 50,000

Common Stock ($10 par) $1,000,000 Paid-in Capital in Excess of Par ValuePreferred 180,000

What is the Total paid-in capital. $

2. Company have started operation in 2017. The following were the income generated over the years: 2017-$550,000; 2018-$1,200,000; 2019-$1,250,000; 2020-1,750,000 respectively. On the second year of operation, the company has declared an annual dividend of $3 for every share owned to be paid every Dec 31 of the year. In 2017, the company has issued 50,000 shares at $25 par value. On December 1, 2020, the company declared a 15% stock dividend when the market price is $32. How much is the Retained Earnings at the end of 2019? $____

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