What is the amount of the total paid-in capital? What makes up this amount? **Stockholder's Equity Section****Paid-In Capital:**- **Preferred Stock 5%, $4 par (8000 shares authorized, 6000 issued and outstanding):** $24,000.00- **Excess of issue price over par - Preferred:** $60,000.00**Total Paid-In Capital - Preferred:** $84,000.00- **Common Stock, $2 par (200,000 shares authorized, 125,000 issued):** $250,000.00- **Excess of issue price over par - Common Stock:** $1,250,000.00**Total Paid-In Capital - Common Stock:** $1,500,000.00**Total Paid-In Capital:** $1,584,000.00**Retained Earnings:**- **Total Retained Earnings:** $2,500,000.00**Less: Treasury Stock (8000 shares at cost):** $16,000.00**Total Stockholder's Equity:** $3,402,000.00**Additional Notes:**- **Retained Earnings:** $250,000- **Treasury Stock:** 8000 shares at $2 per shareThis section outlines the components involved in the calculation of stockholder's equity, including details on preferred and common stock, excess of issue price over par, retained earnings, and treasury stock.

Paid-in capital pertains to the full amount of cash or other assets given by the stockholders to the…

Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 5 Paid - In Capital: 7 Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oritstanding) Excess of issue price over par Paid in Capital - Preferred $24,000.00 $60,000.00 9 10 $84,000.00 11 Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par Paid - In Capital - Common Stock $250,000.00 $1,250,000.00 12 13 14 $1,500,000.00 Total Paid - In Capital 16 Retained Earnings: 15 $1,584,000.00 $250,000.00 Total $3,418,000.00 17 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20

Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: 5 Paid - In Capital: 7 Preferred Stock 5%, $4 par (8000 shares authorized, 6000 isšued and oritstanding) Excess of issue price over par Paid in Capital - Preferred $24,000.00 $60,000.00 9 10 $84,000.00 11 Common Stock, $2 par (200,000 shares authorized, 125,000 issued) Excess of issue price over par Paid - In Capital - Common Stock $250,000.00 $1,250,000.00 12 13 14 $1,500,000.00 Total Paid - In Capital 16 Retained Earnings: 15 $1,584,000.00 $250,000.00 Total $3,418,000.00 17 18 Treasury Stock (8000 shares at cost) 19 Total Stockholder's Equity $16,000.00 $3,402,000.00 20

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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