What is total stockholder equity

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Problem - Xi'an Inc. had the following stock transactions in 2020, its first year of operations:

1. Issued 20,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $25 per share.

2. Issued 3,000 shares of $125 par value of preferred stock at par.

3. Earned net income of $120,000.

4. Xi'an did not pay any dividends.

At Xi'an's fiscal year end of 2020, what is the corporation's total paid-in capital? What is total stockholder's equity?

Reference no: EM132977524

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