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On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 750,000 shares of no-par common stock (with a stated value of $1.50) at $4, and on June 30, it issued for cash 17,500 shares of preferred stock, $50 par at $60.

Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value.

What is the total amount invested (total paid-in capital) by all stockholders as of June 30?