31

The corporate charter of Alpaca Co. authorized the issuance of 30 million, $1 par common shares. During 2021, its first year of operations. Alpaca had the following transactions: January 1 sold 26 million shares at $5 per share June 3 retired 12 million shares at $11 per share December 28 sold 4 million shares at $22 per share What amount should Alpaca report as additional paid-in capital-excess of par, in its December 31, 2021. balance sheep Multiple Choice $140 million 5206 million $104 mon