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 $1,000,000 $ 840,000 $1,160,000 100,000 78,000 $ 650,000 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