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In 2021 the first year of business, Banton Company had the following transactions: - Issued...

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In 2021 the first year of business, Banton Company had the following transactions: - Issued 30,000 shares of common stock. Stock had par value of $1.00 per share and was issued at $14.00 per share. - Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par. - Earned net income of $35,000. - Paid no dividends. At the end of 2021, what is the total amount of Paid-in capital? a. $520,000 b. $380,000 c. $420,000 d. $415,000

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