$2$

The market price of a share of common stock at the time of issuance was $$18\mathrm{.}00,$ while the market price of a preferred share of stock at the time of issuance was $$27\mathrm{.}50.$ The company paid $$12\mathrm{.}50$ 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.$)$

$\backslash$table$[[$Stockholders$\text{'}$ Equity,$],[$Preferred Stock, $$2$ par value, authorized $1,000,000$ shares; issued $600,000$ shares,$],[$Additional Paid$-$In Capital,$],[$Common Stock, $$3$ par value, authorized $40,000,000$ shares; issued $17,500,000$ shares,$],[$Additional Paid$-$In Capital,$],[$Total Contributed Capital,$],[$Retained Earnings,$],[$Treasury Stock, at Cost $(11,000$ shares$),],[$Total Stockholders' Equity,$]]$