Tolkin Corporation was organized on January 1, 2019, with an authorization of 5,000,000 shares of $1 par value common stock. During 2019, Tolkin had the following common stock transactions:
Tolkin had no other transactions affecting paid-in capital. At December 31, 2019, what is the total amount of paid-in capital?

A) $3,120,000
B) $3,090,000
C) $2,660,000
D) $2,720,000
E) None of the above
Correct Answer:
Verified
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