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30.

Sheridan Corporation's December 31, 2020 balance sheet showed the following: 7% preferred stock. $20 par value, cumulative, 14600 shares authorized: 4600 shares issued $92000 Common stock. $10 par value, 930000 shares authorized; 880000 shares issued, 850000 shares outstanding 8800000 Paid-in capital in excess of par-preferred stock 28000 Paid in capital in excess of par-common stock 11440000 Retained earnings 3790000 Treasury stock (15100 shares) 317100 Sheridan's total paid.in capital was O $10410000 $20360000 $20677100 $20042900 The trial balance of Sunland Inc. includes the following balances Common Stock, $40300; Paid-in Capital in Excess of Par, 363700, Treasury Stock. $5900; Preferred Stock $31000. Capital stock totals O $135000 $104000 $140900 $71300 Crane Company originally issued 4400 shares of $10 par value common stock for $132000 ($30 per share). Crane subsequently purchases 430 shares of treasury stock for $26 per share and resells the 430 shares of treasury stock for $31 per share. In the entry to record the sale of the treasury stock, there will be a credit to Common Stock for $11180 O credit to Paid In Capital from Treasury Stock for $2150, Odebit to Paid-In Capital in Excess of Par of $12900. O credit to Treasury Stock for $4300