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. GMC Corporation had the following transactions in 2020, its first year of operations: Issued 20,000 shares of common stock. The stock has a par
. GMC Corporation had the following transactions in 2020, its first year of operations: Issued 20,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $19.00 per share. Issued 2000 shares of $200 par value preferred stock at par. Earned net income of $40,000. Paid no dividends. . . At the end of 2020, what is the total amount of paid-in capital? Select one: a. $820,000 b. $380,000 c. $460,000 d. $780,000 The ne
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