n a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued $1,280,000$ shares of its $$0\mathrm{.}03$

oar value stock for $$1,024,000($these numbers are rounded$).$ These additional shares were issued under an employee stock option

olan. Prepare the line on the statement of stockholders' equity that would reflect this transaction.

Note: Enter your answers in dollars rather than millions. In a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued $1,280,000$ shares of its $$0\mathrm{.}03$

par value stock for $$1,024,000($these numbers are rounded$).$ These additional shares were issued under an employee stock option

plan. Prepare the line on the statement of stockholders' equity that would reflect this transaction.

Note: Enter your answers in dollars rather than millions.