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Cullumber Corporation was organized on January 1,2026 with the authorization of 1350000 shares of common stock with a par value of $4 per share. In
Cullumber Corporation was organized on January 1,2026 with the authorization of 1350000 shares of common stock with a par value of $4 per share. In 2026 , the corporation had the following capital transactions: January 5 issued 675000 shares @ \$9 per share July 28 purchased 76000 shares @ \$10 per share December 31 sold the 76000 shares held in treasury @ \$18 per share Cullumber used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2026? $3983000.$0$3375000$2709000
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