The actual balance sheet of Gulf Resources \& Chemical Corporation, as adapted, reported the following stockholders' equity. Gulf has two separate classes of preferred stock, labeled Series A and Series B. All dollar amounts, except for per-share amounts, are given in thousands.

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Assume that the Series A preferred stock was issued for \(\$ 5\) cash per share, the Series B preferred was issued for \(\$ 10\) cash per share, and the common was issued for cash of \(\$ 72,839\). Make the summary journal entries to record issuance of all the Gulf Resources stock. Explanations are not required. After you record these entries, what is the balance of Capital in Excess of Par?

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Series A Series B... Stockholders' Investment [same as stockholders' equity] Preferred stock, $1 par, authorized 4,000,000 shares (Note 7) Common stock, $0.10 par, authorized 20,000,000, [issued and] outstanding 9,130,000 shares Capital in excess of par. Note 7. Preferred Stock: Shares [Issued and] Outstanding Series A... Series B. 58,000 376,000 $ 58 376 913 75,542