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Declared dividends Earned net income Issuance of common stock for a patent Issuance of common stock for cash Issuance of common stock for legal services

image text in transcribedimage text in transcribed Declared dividends Earned net income Issuance of common stock for a patent Issuance of common stock for cash Issuance of common stock for legal services Issuance of preferred stock for cash Travel Plus Publishing was recently organized as a corporation. The company issued common stock to an attorney who provided legal services worth $15,000 to help with the incorporation. Travel Plus also issued common stock to an inventor in exchange for her patent with a market value of $78,000. In addition, Travel Plus received cash both for the issuance of 8,000 shares of its preferred stock at $90 per share and for the issuance of 17,000 of its common shares at $7 per share. During the first year of operations, Travel Plus earned net income of $94,000 and declared a cash dividend of $28,000. Read the requirement. Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions. Complete the table below by selecting the transactions that result in paid-in capital and then enter the amounts to calculate total paid-in capital for the period. (If an input field is not used in the table leave the field empty; do not select a label or enter a zero.) Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions

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