Bonita Corporation was organized on January 1, 2020, with authorized capital of 494000 shares of...
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Accounting
Bonita Corporation was organized on January 1, 2020, with authorized capital of 494000 shares of $10 par value common stock. During 2020, Bonita issued 31100 shares at $12 per share, purchased 2500 shares of treasury stock at $12 per share, and sold 2500 shares of treasury stock at $13 per share. What is the amount of additional paid-in capital at December 31, 2020?
$64700
$0
$2500
$62200
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