PART A

Parrot Corporation began operations in January of the current year. The charter authorized the following stock:

Preferred stock: 6.0 percent, $1 par value, 780,000 shares authorized

Common stock: $0.01 par value, 1,180,000 shares authorized

During the current year, the following transactions occurred in the order given:

a. Issued 23,000 shares of common stock for $8.00 per share.

b. Sold 40,000 shares of the preferred stock at $9.60 per share.

c. Sold 26,000 shares of the preferred stock at $8.40 per share and 50,000 shares of common stock at $9.00 per share.

d. Repurchased 37,750 shares of the previously issued common shares at $14.10 per share.

e. Resold 3,750 of the shares of the repurchased stock at $15 per share.

f. Resold (P} of the shares of the repurchased stock at $12 per share.

What is the net amount of the increase to APIC on the firm's Balance Sheet from the total of these transactions?

PART B

Parrot Corporation began operations in January of the current year. The charter authorized the following stock:

Preferred stock: 7.0 percent, $1 par value, 520,000 shares authorized

Common stock: $0.01 par value, 1,040,000 shares authorized

During the current year, the following transactions occurred in the order given:

a. Issued 22,500 shares of common stock for $8.00 per share.

b. Sold 68,000 shares of the preferred stock at $9.40 per share.

c. Sold 34,000 shares of the preferred stock at $5.60 per share and 34,000 shares of common stock at $10.60 per share.

d. Repurchased 29,500 shares of the previously issued common shares at $13.90 per share.

e. Resold 3,750 of the shares of the repurchased stock at $16.25 per share.

f. Resold (P} of the shares of the repurchased stock at $12.65 per share.

What is the net amount of the increase to common stock on the firm's Balance Sheet from the total of these transactions?