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Common Products has just made its first issue of stock. It raised $2.7 million by selling 300,000 shares of stock to the public. These are

Common Products has just made its first issue of stock. It raised $2.7 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $1. Complete the following table:(Enter your answers in dollars, not in millions.)

Common Stock (par value) _________________

Additional Paid-In Capital _________________

Retained Earnings _________________

Net Common Equity ___3,200,000___

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