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The financial statements for Highland Corporation included the following selected information: Common stock $ 990,000 Retained earnings $ 730,000 Net income $ 1,080,000 Shares issued
The financial statements for Highland Corporation included the following selected information:
Common stock | $ 990,000 |
---|---|
Retained earnings | $ 730,000 |
Net income | $ 1,080,000 |
Shares issued | 99,000 |
Shares outstanding | 72,000 |
Dividends declared and paid | $ 780,000 |
The common stock was sold at a price of $30 per share.
1. What is the amount of additional paid-in capital?
2. What was the amount of retained earnings at the beginning of the year?
3. How many shares are in treasury stock?
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