At December 31, 2012, Sugarland Company reported the following on its comparative balance sheet, which included 2011 amounts for comparison (adapted, with all amounts in millions except par value per share):

1. How much did Sugarland Company€™s total paid-in capital increase during 2012? What caused total paid-in capital to increase? How can you tell?
2. Did Sugarland Company have a profit or a loss for 2012? How can youtell?

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December 31 2012 2011 Common Stock, $2.25 par value, 550,000 shares authorized, 400,000 shares issued and outstanding in 2012; 399,000 shares in 2011 Paid-in Capital in Excess of Par Retained Earnings S 900,000 897,750 395,500 362,000 2,400,000 2,175,000