At December 31, 2016, Sugarland Company reported the following on its comparative balance sheet, which included 2015 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 2016? What caused total paid-in capital to increase? How can you tell?
2. Did Sugarland Company have a profit or a loss for 2016? How can you tell?

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December 31 2016 2016 Common Stock, $2.25 par value, 550,000 shares authorized, 400,000 shares issued and outstanding in 2016: 399,000 shares in 2015 Paid-in Capital in Excess of Par-Common Retained Earnings $ 900,000 S 897,750 362,000 1,175,000 1,400,000