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15) Belton, Inc. had the following transactions in 2018, its first year of operations: Issued 33,000 shares of common stock. Stock has par value of
15) Belton, Inc. had the following transactions in 2018, its first year of operations: Issued 33,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $24.00 per share. Earned net income of $73,000. Paid no dividends. At the end of 2018, what is the total amount of paid-in capital? A) $33,000 B) $865,000 C) $792,000 D) $73,000
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