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Astro Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $59,000. In addition,
Astro Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $59,000. In addition, Astro received cash for 8,000 shares of its 520 par preferred stock at par value and 9,000 shares of its no-par common stock at $25 per share. Without making journal entries, determine the total paid-in capital created by these transactions. The total paid-in capital created by these transactions amounts to
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