3 po QUESTION 27 Questions 27 and 30 are based on the following information: Woods Company reported the following amounts in the stockholders' equity section of its December 31, 2020, balance sheet. Preferred stock, 10%, $50 par value $ 200,000 (10,000 shares authorized, 4,000 shares issued) Common stock, $5 par value 100,000 (100,000 shares authorized, 20,000 shares issued) Paid-in Capital In Excess of Par - Preferred Stock 20,000 Paid-In Capital in Excess of Par - Common Stock 360.000 Total paid-In capital 680.000 Retained earnings 450 000 Total stockholders' equity $1 130,000 During 2021, Woods took part in the following transactions concerning stockholders' equity. March 4 Issued 18,000 shares of common at $25 per share. June 30 2-for-1 Stock Split for common stock July 9 Purchased 3,000 shares of its own outstanding common stock for $18 per share. Cleves uses the cost method. Aug. 1 Sold 800 shares of treasury stock at $20 a share Oct. 10 Sold 1,000 shares of treasury stock at $15 a share Dec. 15 The preferred stock dividend is declared, and a common stock dividend of $.50 per share is declared 27. What Is the amount of paid-in capital in excess of par that Woods should recognize when it issued 18,000 shares of common stock on March 42 Click Save and Submit to save and submit. Click Save All Answers to save all answers