Answer:
$728,000
Explanation:
Paid in capital can be described as the payments ac company received in exchange for its stock from investors.
From the question, the total paid in capital can be calculated as follows:
Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000
Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000
By adding the two above together and have:
Total paid-in capital = $420,000 + $308,000 = $728,000.
Therefore, total paid-in capital at the end of 2021 is $728,000.
