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Keeley Jones Corporation issued 1 million shares of its $2 par common stock for $138 million. Shortly after issuance, the value of the stock decreased

Keeley Jones Corporation issued 1 million shares of its $2 par common stock for $138 million. Shortly after issuance, the value of the stock decreased to $110.

What is the amount that should be credited to APIC - excess of par to record the issuance of the stock?

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