! Required information The following information applies to the questions displayed below) The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income shares issued shares outstanding Dividends declared and paid $1,090,000 $700,000 $1,100,000 109,000 70,000 $ 690,000 The common stock was sold at a price of $37 per share. Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital