Sosa Co.’s stockholders’ equity at January 1, 2029 is as fol…
Sosa Co.’s stockholders’ equity at January 1, 2029 is as follows: Common stock, $10 par value; authorized 300,000 shares; outstanding 225,000 shares $2,250,000Paid-in capital in excess of par 800,000Retained earnings 2,190,000 Total $5,240,000 In 2029, Sosa had the following stock transactions: Acquired 6,000 shares of its stock for $270,000. Sold 3,600 treasury shares at $50 a share. Sold the remaining treasury shares at $41 per share. No other stock transactions occurred during 2029. Assuming Sosa uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2029 is
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