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8% preferred stock, $20 par value, cumulative. 20,000 shares authorized, 10,000 shares issued: $200,000 Common Stock, $10 par value, 2,000,000 shares authorized 1,300,000 shares issued

8% preferred stock, $20 par value, cumulative. 20,000 shares authorized, 10,000 shares issued: $200,000 Common Stock, $10 par value, 2,000,000 shares authorized 1,300,000 shares issued 1,280,000 shares outstanding: $13,000,000 Paid in Capital in excess of par value

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