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Percy Corporation was organized on January 1, 2012, with an authorization of 1,200,000 shares of common stock with a par value of $6 per share.

Percy Corporation was organized on January 1, 2012, with an authorization of 1,200,000 shares of common stock with a par value of $6 per share. During 2012, the corporation had the following capital transactions:

January 5 issued 900,000 shares @ $10 per share

July 28 purchased 120,000 shares @ $11 per share

December 31 sold the 120,000 shares held in treasury @ $18 per share

They used the cost method. what is the total amount of additional paid in captial as of December 31,2012?

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