Industries received ​$11,500,000 for the issuance of its stock on May 14. The par value of the Saltwell stock was only ​$11,500. Was the excess amount of ​$11,488,500 a profit to Saltwell​? If​ not, what was​ it?

 Industries received ​$11,500,000 for the issuance of its stock on May 14. The par value of the Saltwell stock was only ​$11,500. Was the excess amount of ​$11,488,500 a profit to Saltwell​? If​ not, what was​ it?
Suppose the par value of the Saltwell stock had been ​$2 per​ share, ​$4 per​ share, or ​$7 per share. Would a change in the par value of the​ company's stock affect Saltwell​'s total​ paid-in capital? Give the reason for your answer.