Question - Concord Corporation was organized on January 1, 2018, with authorized capital of 493000 shares of $10 par value common stock. During 2018, Concord issued 29400 shares at $11 per share, purchased 3700 shares of treasury stock at $14 per share, and sold 3700 shares of treasury stock at $15 per share. What is the amount of additional paid-in capital at December 31, 2018?
$29400
$3700
$33100
$0