7.Salam Co. was organized on January 1, 2020, with an authorization of 1,200,000 ordinary shares with a par value of $ 6 per share. During 2020, the corporation had the following capital transactions: January 10 August 20 December 31 issued 750,000 shares @ $10 per share purchased 60,000 shares @ $12 per share sold the 60,000 shares held in treasury @ $17 per share Salam used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of share premium as of December 31, 2020? (3 Points) $ 750,000. $3,000,000. $2,805,000. $3,300,000