Datadog $($Ticker: DDOG$)$ underwent an initial public offering $($IPO$)$ in $2019$ by issuing $24$ million shares of common stock at $$27\mathrm{.}00$ per

share. The par value is $$0\mathrm{.}00001$ per share.

Required:

Determine the financial statement effects of the IPO.

The stock price for DDOG increased to $$37$ at the end of $2019.$ Assuming no other changes, determine the financial statement

effects of the stock price increase, if any.

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Determine the financial statement effects of the IPO.

statement effects" in the first account field.