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Required Information [The following Information applies to the questions displayed below] The financial statements for Highland Corporation included the following selected information: Common stock

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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 $ 920,000 $ 870,000 $1,110,000 92,000 76,000 $ 670,000 The common stock was sold at a price of $31 per share. Required: 1. What is the amount of additional paid-in capital? Additional paid-in capital

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