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$ 500,000 Zyrkel Corporation's December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 20,000 shares issued

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$ 500,000 Zyrkel Corporation's December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 20,000 shares issued Common stock, $10 par value, 2,000,000 shares authorized:1,950,000 shares issued, 1,920,000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (30,000 shares) 17,100,000 70,000 34,000,000 7,500,000 700,000 Calculate Zyrkel's total paid-in capital. QUESTION 15 Jon Winek started the year with a capital balance of $114,000. During the year, his share of partnership net income was $188,000 and he withdrew 516,000 from the partnership for personal use. He made an additional capital contribution of $33,000 during the year. Calculate the amount of Jon Winek's capital balance that will be reported on the year-end balance sheet

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