Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 200,000 shares of $7 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 60,000 shares of common stock at $9 per share. Issued 40,000 shares of common stock at $10 per share. Reported a net income of $200,000. Paid dividends of $100,000. What is total paid-in capital at the end of 2021
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Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 200,000 shares...
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