On February 4, Cinderella Rocks Inc., a marble contractor,issued for cash 30,000 shares of $20 par common stock at $64, and on March 31, it issued for cash 18,000 shares of $75 par preferred stock at $90.
Illustrate the effects on the accounts and financial statements of the February 4 and March 31 transactions.
What is the total amount invested (total paid-incapital) by all stockholders as of March 31?