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The corporate charter of Alpaca Co. authorized the issuance of 19 million, $1 par common shares....

The corporate charter of Alpaca Co. authorized the issuance of 19 million, $1 par common shares. During 2021, its first year of operations, Alpaca had the following transactions:

January 1 sold 15 million shares at $7 per share
June 3 retired 9 million shares at $18 per share
December 28 sold 4 million shares at $20 per share


What amount should Alpaca report as additional paid-in capital—excess of par, in its December 31, 2021, balance sheet?

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