The 12/31/2018 balance sheet of Despot Inc. included the following:

Common stock, 25 million shares at $20 par $ 500 million
Paid-in capital—excess of par 3,000 million
Retained earnings 980 million

In January 2018, Despot recorded a transaction with this journal entry:
Cash 150 million
Common stock 100 million
Paid-in capital—excess of par 50 million

The transaction was for the:

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.