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  3. belton, inc. had the following transactions in 202

Belton, Inc. had the following transactions in 2024, its first year of operations: Issued...

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Belton, Inc. had the following transactions in 2024, its first year of operations: Issued 35,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. Earned net income of $78,000. Paid no dividends. At the end of 2024, what is the total amount of paid - in capital? ... O A. $78,000 OB. $35,000 O C. $700,000 OD. $778,000

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