Homework Answers
Answer:
Common Stock = No. of Shares * Par Value of Share
Common Stock = 100,000 * $3
Common Stock = $300,000
Additional Paid in Capital = Funds Raised – Common Stock
Additional Paid in Capital = $2,500,000 - $300,000
Additional Paid in Capital = $2,200,000
Retained Earnings = Net Common Equity – Book Value of
Outstanding Shares
Retained Earnings = $2,800,000 - $2,200,000
Retained Earnings = $600,000
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