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Question - These account balances at December 31 relate to Sportaid?, ?Inc.:
Data
Accounts Payable $51,100
Accounts Receivable 81,850
Common Stock 319,000
Treasury Stock 5,500
Bonds Payable 3,800
Paid-in Capital in Excess of Par-Common 270,000
Preferred Stock, 10%, $100 Par 81,000
Retained Earnings 71,200
Notes Receivable 12,600
Required - What is total paid-in capital for Sportaid?
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