Time Travel Publishing was recently organized as a corporation. The company issued common stock to an attorney who provided legal services worth $15,000 to help with the incorporation.also issued common stock to an inventor in exchange for her patent with a market value of $78,000. In addition,received cash both for the issuance of 6,000 shares of its preferred stock at $60 per share and for the issuance of $22,000 of its common shares at $8 per share. During the first year of operations,earned net income of $97,000 and declared a cash dividend of $23,000.

Read the requirementLOADING.... Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions.

1. Complete the table below by selecting the transactions that result in paid-in capital and then enter the amounts to calculate total paid-in capital for the period. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.)