On December 31, 2023, Curly Cats, reported that it had 2,500,000 common shares issued and outstanding with a book value of $30,000,000 and $450,000 contributed surplus arising from the previous repurchase of common shares • On July 1, 2023, Curly Cats issued 500,000 at a price of $18 each • On November 1, 2023, Curly Cats repurchased and cancelled 100,000 at a cost of $13 each. 

What is the remaining balance in contributed suplus after the above transactions. 

ENTER A NUMBER ONLY. Do not enter +/-, commas or $. Do not round intermediary calculation, round final answer to nearet dollar.

Answer rating: 100% (QA)

The total amount raised from the issuance of 500000 ... View the full answer