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Cross Allantic Publishing was tecently organiced as a corporation. The company isscied common siock to an atlomey who provided legal servioes worth $15, ooo to

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Cross Allantic Publishing was tecently organiced as a corporation. The company isscied common siock to an atlomey who provided legal servioes worth $15, ooo to help with the incorperaten Cross Alarkic alse issued common stock to an inventor in exchange for her patent with a market value of \$7i, 000 . In addition, Cross Atlontie received cash both for the issuance of 2.000 shares of its preferred stock at $60 per share and for the iscuance of 21,000 of its common shares at $8 per share. Durhe the frist year of operations, Cross Aliantic eamed net incorme of $45,000 and declared a cank dividend of $22.000 Fead the teguinement Requirement 1. Whout making joumal entries, determine the total paid in capital created by thece trantsctions. Complete the tabie below by selecting the transactions that result in paid-in captal and then enter the amouvs to caloulate lotal pald-in capial for the period. of an inpul feld is not used in the table Wesve the field ompsy, do not select a label or onter a zero.) Requiement 1. Withou making joumal entries, delemine the totar poid-h casital creased ty these transactont Cress Aliatio Publishing was rececty organized as a corporaton. The company iswued common stock to an attomey who provided logal services werth $15,000 to help with the incorporation. Cross AJante also issued common stock to an itventor in exchange for her palent with a market value of $78,000. In addition, Cross Atiante received cash both for the issuance of 2,000 shares of its pretorred sack at $50 per share and for the issuance of 21,000 of ls comsmon shares at $8 per share. During the frut year of operabions, Cross Atlantic eamod net income of $45,000 and declared a cash dividend of $22,000. Resd the fedulement Requlrement 1. Without making joumal entries, determine the total paid-th capital created by these transactions. Complese the table below by selecting the transactions that result in paid-in capital and then enter the amounts to calculase lotal paid-in capital for the pericd. 0f an input field is not usod in the table leave the field empty, do not select a lobel or enter a zoro.)

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