The corporate charter of Llama Co. authorized the issuance of 13 million, $1 par common shares. During 2021 , its first year of operations, Llama had the following transactions: January 1 sold 11 million shares at $18 per share June 3 purchased 5 million shares of treasury stock at $21 per share December 28 sold the 5 million shares of treasury stock at $23 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet? Multiple Choice \$203 million \$197 million $187 million $155 million Rick Co. had 32 million shares of $2 par common stock outstanding at January 1,2021 . In October 2021 , Rick Co.'s Board of Directors declared and distributed a 2% common stock dividend when the market value of its common stock was $55 per share. In recording this transaction, Rick would: Multiple Choice None of these answer choices are correct. Credit common stock for $35.20 million. Debit retained earnings for $35.20 million. Credit paid-in capital-excess of par for $35.20 million