Waterway Industries was organized on January 1, 2021, with an authorization of 1220000 shares of common stock with a par value of $5 per share. During 2021, the corporation had the following capital transactions: January 5 issued 610000 shares @ $12 per share purchased 85000 shares @ $11 per share July 28 December 31 sold the 85000 shares held in treasury @ $19 per share Waterway used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2021? $4270000. $3070000. $4950000. $-0-. Save for Later Attempts: 0 of 1 used Submit