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Irish Corporation issued (sold) 21,000 shares of common stock for $59 per share. The bylaws established a stated value of $25 per share. What is

Irish Corporation issued (sold) 21,000 shares of common stock for $59 per share. The bylaws established a stated value of $25 per share. What is the amount of increase in the common stock account as a result of this transaction?

$1,196,000.
$1,311,000.
$0.
$115,000.

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