Question

The financial statements for Highland Corporation included the following selected information: Common stock $ 1,600,000 Retained earnings $ 900,000 Net income $ 1,000,000 Shares issued 90,000 Shares outstanding 80,000 Dividends declared and paid $ 800,000 The common stock was sold at a price of $30 per share. What is the amount o f additional paid-in capital?
What was the amount of retained earnings at the beginning of the year?

How many shares are in treasury stock?

Answer 1

Answer:

Please see attachment .

Explanation:

Please see attachment .