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What coy inc total paid-in capital is

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Question 1: Coy, Inc. initially issued 300,000 shares of $1 par value stock for $1,600,000 in 2009. In 2010, the company reacquired and retired 30,000 shares for $120,000. In 2011, Coy, Inc. sold 10,000 shares for $140,000. In its balance sheet dated December 31, 2011, Coy, Inc.'s total paid-in capital is,

Group of answer choices

Option 1: None of the above is correct.

Option 2: $1,660,000.

Option 3: $1,780,000.

Option 4: $1,620,000

Reference no: EM132523196

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