Superior has provided the following information for its recent year of operation:

Question

The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000.

The additional paid-in capital account balance increased $4,300 during the year.

The retained earnings balance at the beginning of the year was $100,000 and the year-end balance was $97,000.

Net income was $44,000.

How much did Superior sell its common stock for during the year?

Answer 1

2342