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Sheridan Company was organized on January 1, 2018, with an authorization of 1280000 shares of common stock with a par value of $5 per share.

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Sheridan Company was organized on January 1, 2018, with an authorization of 1280000 shares of common stock with a par value of $5 per share. During 2018, the corporation had the following capital transactions: anuary 5 ssued 640000 shares $10 per share uly 28 December 31 so the 79000 shares held in treasury$17 per share Sheridan used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2018? purchased 79000 shares $10 per share $2340000. $3200000. $3753000

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