Business, 19.05.2020 03:12 fireman59937

Paid-In Capital
Capital Stock
8% Preferred stock, $par value, cumulative, 10,000 shares authorized
6000 shares issued & outstanding………………………………………………… $900,000

Common stock, $4 par value, 460,000 shares

authorized; shares issued and shares outstanding$1,650,000

Total Capital Stock…………………………………………………………………… 2,550,000

Additional paid-in capital

In excess of par value-preferred stock……………………………………………….. 60,000

In excess of par value-common stock……………………………………………... 825,000 Total Additional PIC……………………………………………………………… 885,000

Retained Earnings…….800,000

Total paid-in capital and retained earnings 4,235,000

Less: Treasury stock (12,000 shares) (180,000)

Total stockholders' equity$4,055,000

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Paid-In Capital
Capital Stock
8% Preferred stock, $par value, cumulative, 10,000 shares...

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