5% Cumulative preferred stock. $50 par December 31 2021 2020 $103000 $103000 143000 94000 80000 72000 250000 219000 Common stock, $10 par Additional cald.in capital Retained earnings (includes current year net income) Net Income 52000 Additional information: On May 1, 2021,5100 shares of common stock were issued. The preferred dividends were not declared during 2021. The market price of the common stock was $50 at December 31, 2021. The rate of return on common stock equity for 2021 is calculated as 52.426 52473 47 +426 47473