Question: In a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1 , 3 5 0 , 0 0 0

In a recent year, Teach, Incorporated, a designer and marketer of handbags and other accessories issued 1,350,000 shares of its $0.07 par value stock for $1,080,000(these numbers are rounded). These additional shares were issued under an employee stock option plan. Prepare the line on the statement of stockholders equity that would reflect this transaction.
Note: Enter your answers in dollars rather than millions.

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