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Question 52 Not yet answered Marked out of 1.00 Flag question loanna Corporation was organized on January 1, 2019, with an authorization of 2,000,000 shares

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Question 52 Not yet answered Marked out of 1.00 Flag question loanna Corporation was organized on January 1, 2019, with an authorization of 2,000,000 shares of $30 par value common stock. During 2019, loanna had the following common stock transactions: Jan. 4: Issued 100,000 shares @ $36 per share. Apr. 8: Issued 200,000 shares @ $42 per share. June 9: Issued 60,000 shares @ $60 per share. July 29: Purchased 40,000 shares (treasury) @ $60 per share. Dec. 31: Sold 40,000 shares held in treasury @ $72 per share. loanna had no other transactions affecting paid-in capital. At December 31, 2019, what is the total amount of paid-in capital? Select one: O A. $10,080,000 O B. $16,080,000 O C.$5,520,000 o D. $4,800,000

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