Response to the following problem:
At December 31, 2010, the records of Seacrest Enterprises provided the following selected and incomplete data:
Common stock (par $0.50; no changes during 2010).
Shares authorized, 10,000,000.
Shares issued, ? ; issue price $10 per share.
Shares held as treasury stock, 50,000 shares, cost $11 per share.
Net income for 2010, $2,400,000.
Common stock account $750,000.
Dividends declared and paid during 2010, $1 per share.
Retained earnings balance, January 1, 2010, $36,400,000.
The balance in the Additional paid-in capital account would be $_____ ??