The corporate charter of Llama Co. authorized the issuance of 24 million, $1 par common shares. During 2021, its first year of operations, Llama had the following transactions: January 1 sold 4 million shares at $29 per share June 3 purchased 16 million shares of treasury stock at $32 per share December 28 sold the 1 million shares of treasury stock at $34 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet? Multiple Choice $120 million 0 $114 million 0 $112 million 0 $72 million The board of directors of Capstone Inc. declared a $0.40 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 14,000 shares issued, and 3,200 shares held as treasury stock. What is the entry for the dividend declaration? Multiple Choice Retained earnings Cash dividends payable 4,320 4,20 19,680 Retained earnings Cash dividends payable Cash dividends payable o 19.689|| O Retained earnings Retained earnings Cash 4,320 4,320 O Retained earnings Cash Retained earnings 19,680 19,680