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1 The market price of a share of common stock at the time of issuance was $16.50, while the market price of a preferred share

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1 The market price of a share of common stock at the time of issuance was $16.50, while the market price of a preferred share of stock at the time of issuance was $26.00. The company paid $11.00 per share for its treasury stock. Required Determine the missing amount in the stockholders' equity section of the balance sheet set forth below (Input all amounts as positive values.) Stockholders' Equity Preferred Stock, $2 par value, authorized 1,000,000 shares; issued 525,000 shares Additional Paid-In Capital Common Stock, $3 par value, authorized 40,000,000 shares; issued 16,000,000 shares Additional Paid-In Capital Retained Earning 206,883,000 206,883,000 Less: Treasury Stock, at Cost (10,000 shares) Total Stockholders' Equity $206,883,000

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