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21 1349 ABC Company was organized on January 1, 2021. The firm was authorized to issue 150,000 shares of $8 par value common stock. During
21 1349 ABC Company was organized on January 1, 2021. The firm was authorized to issue 150,000 shares of $8 par value common stock. During 2021, ABC Company had the following transactions relating to stockholders' equity. Issued 45,000 shares of common stock at $10 per share. Issued 30,000 shares of common stock at $11 per share Reported a net income of $150,000. Paid dividends of $75,000. What is total paid-in capital at the end of 2021? Multiple Choice $855,000. $780,000 $705,000. $930,000
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