1.On January 1, 2021, a company granted stock options to employees for the purchase of 20,000 shares. Each option allows the employees to purchase one share of the company's $3 par common stock at $25 per share. The options are exercisable during a six-year period beginning January 1, 2025 by grantees still employed by the company. The Black-Scholes option pricing model determines total compensation expense to be $203,000. The market price of common stock was $15 per share at the date of grant.

On September 1, 2026, 10,000 options are exercised when the market price of common stock was $66. As a result of the option exercises, what is the amount for Paid-in Capital in Excess of Par-c/s the company will record?

2.On January 1, 2021, a company acquires $360,000 of another companys 9% bonds at a price of $560,000. For the investor company, interest is received on January 1 of each year, and the bonds mature on January 1, 2031. The bonds are classified as held-to-maturity. What is the amount the investor company will record for Debt Investments on 1/1/2021?

3.On January 1, 2020, a company had 500,000 shares of common stock outstanding. On March 1, it issued a 3-for-1 stock split. On July 1 it Issued 20,000 shares. On September 1 it Issued a 20% stock dividend. Determine the weighted-average number of shares outstanding as of December 31, 2020.