Acme Corporation's December 31, 2025 balance sheet reported the following: 6% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 20,000 shares issued $ 400,000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 19,500,000 shares outstanding Paid-in capital in excess of par- 60,000 preferred stock Paid-in capital in excess of par- 28,000,000 common stock Retained earnings Treasury stock (30,000 shares) Acme's total paid-in capital was 9,650,000 630,000