Question: * Question Completion Status: QUESTION 20 Izzy Corporation was organized on January 1, 2016, with an authorization of 2,000,000 shares of $20 par value common

* Question Completion Status: QUESTION 20 Izzy Corporation was organized on January 1, 2016, with an authorization of 2,000,000 shares of $20 par value common stock. During 2016, Izzy had the following common stock transactions: Jan. 4: Issued 100,000 shares @ $24 per share. Apr. 8: Issued 200,000 shares @ $28 per share. June 9: Issued 60,000 shares @ $40 per share. July 29: Purchased 40,000 shares (treasury) @ $40 per share. Dec. 31: Sold 40,000 shares held in treasury @ $48 per share. Izzy had no other transactions affecting paid-in capital. At December 31, 2016, what is the total amount of paid-in capital? A. $ 3,680,000 B. $10,720,000 C. $ 7,200,000 D.$3,200,000 QUESTION 21 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answe

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