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Sunland Company has 100000 shares of $10 par common stock authorized. The following transactions took...

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Accounting

Sunland Company has 100000 shares of $10 par common stock authorized. The following transactions took place during 2020, the first year of the corporations existence: Sold 19300 shares of common stock for $13.50 per share. Issued 19800 shares of common stock in exchange for a patent valued at $297000. At the end of the Sunlands first year, total paid-in capital amounted to

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