Outstanding Shares}

Stahl Company Ltd. was incorporated as a new business on January 1, 2018. The company is authorized to issue 600,000 no par value common shares and \(80,0006 \%, \$ 20\) stated value, cumulative preferred shares. On January 1, 2018, the company issued 75,000 common shares for \(\$ 15\) per share and 5,000 preferred shares for \(\$ 25\) per share. Net income for the year ended December 31,2018 , was \(\$ 500,000\).

Required:

What is the amount of Stahl's total share capital at December 31, 2018?

Exercise