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Assets Current assets: Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Total current assets Plant assets (net) Liabilities and Equity Current liabilities: $ 60

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Assets Current assets: Cash Accounts receivable (net) Short-term investments Inventories Prepaid expenses Total current assets Plant assets (net) Liabilities and Equity Current liabilities: $ 60 Accounts payable 170 Other liabilities 50 Total current liabilities 200 Long-term liabilities 25 Total liabilities 505 Shareholders' equity: 255 Capital stock Retained earnings Total shareholders' equity $ 760 Total liabilities and equity $ 240 80 320 110 430 150 180 330 $ 760 Total assets The current ratio is: 1.98. 1.58. 0.66. (4 of 42) Llama Co. is authorized to issue 10 million $1 par common shares. During 2020, its first year of operations, Llama had the following transactions: January June 3 1 sold 8 million shares at $15 per share purchased 2 million shares of treasury stock at $18 sold the 2 million shares of treasury stock at $20 per share per share December 28 What amount should Llama report as additional paid-in capital on December 31, 2020? $122 million $116 million $112 million $74 million

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