=+On February 28 of the current year, the following accounts and their balances appear in the ledger of Wild Things Corp., a meat processor:

Preferred 2% Stock, $25 par (75,000 shares authorized, 30,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 750,000 Paid-In Capital in Excess of Par—Preferred Stock. . . . . . . . . . . . . 120,000 Common Stock, $30 par (400,000 shares authorized, 250,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500,000 Paid-In Capital in Excess of Par—Common Stock . . . . . . . . . . . . 500,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,180,000