The following information is available for a ML Public Corporation related to the Stockholders' Equity for the year 2020: The company is authorized to issue 1,000,000 shares of its $0.50 par value common stock and 100,000 shares of 10%, $50-par value preferred stock. . On January 1, ML Public Corp issued 400,000 shares of its $0.50 par value common stock at $5 per share . On March 1, ML Public Corp issued an additional 100,000 shares of its $0.50 par value common stock at $6 per share On April 30, ML Public Corp issued 1,000 shares of its 10%, $50-par value preferred stock at $100 per share 4 . How much total cash was received from the issuance of common stock during the year 2020?
