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Calculate the total amount of contributed capital

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Reference no: EM131802463

Lipe company reports the following transaction:

Jan 15 Issued 25,000 shares of $5 par value common stock at $17 cash per share.

Mar 31 Purchased 3,000 shares of its own common stock at $20 cash per share.

June 25 Sold 2,000 shares of its treasury stock at $26 cash per share.

calculate the total amount of contributed capital (also known as paid in capital) from all sources as a result of the above transactions.

 

Reference no: EM131802463

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