The corporate charter of Llama Co. authorized the issuance of 24 million, $1 par common shares. During 2021, its first year of operations, Llama had the following transactions: January 1 sold 4 million shares at $29 per share June 3 purchased 16 million shares of treasury stock at $32 per share December 28 sold the 1 million shares of treasury stock at $34 per share What amount should Llama report as additional paid-in capital in its December 31, 2021, balance sheet

($366,000,000)

Explanation:

January 1 paid in capital in excess of par (29-1)*4,000,000      $112,000,000

June 3 Treasury Stock purchased ($32)*16,000,000           ($512,000,000)

December 28       Treasury stock sold (1000,000*34)            $34,000,000      

Total                                                                                          ($366,000,000)                

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.