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TB MC Qu. 10-133 Clothing Emporium was organized on January... Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 100,000

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TB MC Qu. 10-133 Clothing Emporium was organized on January... Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, Clothing Emporium had the following transactions relating to s Issued 30,000 shares of common stock at $7 per share, Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000 Paid dividends of $50,000. What is the total amount recorded in the Common Stock account at the end of 2021

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