Lewelling Company issued 115,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 5,500 hours of legal services performed. Morgan’s usual rate is $250 per hour. By what amount should Lewelling's paid-in capital—excess of par increase as a result of this transaction?

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: