Additional Paid up Additional Paid up in Capital on Preferred Common n Capital on Retained Stock $100 par Stock $5 par Preferred Stock Common Stock Earnings Total Balance 1/1/16 Common Stock issued Preferred Stock issued Net Income Cash Dividend Paid on preferred Cash Dividend Paid on Common Balances,12/31/16 92800 37400 21500 58700 185700396100 23400 44200 2638 8876 9280 73100 206494 484494 9000 14400 34000 10200 2638 8876 9280 126800 46400 31700 Workings: Net Income Preferred Dividend, 1268 Shares@ $7 per share Common Dividend, 9280 Shares@$1 per share Retained Earnings Opening Balance Total Retained Earnings 38950 8876 9280 20794 185700 206494 Additional Paid up Additional Paid up in Capital on Preferred Common n Capital on Retained Stock $100 par Stock $5 par Preferred Stock Common Stock Earnings Total Balance 1/1/16 Common Stock issued Preferred Stock issued Net Income Cash Dividend Paid on preferred Cash Dividend Paid on Common Balances,12/31/16 92800 37400 21500 58700 185700396100 23400 44200 2638 8876 9280 73100 206494 484494 9000 14400 34000 10200 2638 8876 9280 126800 46400 31700 Workings: Net Income Preferred Dividend, 1268 Shares@ $7 per share Common Dividend, 9280 Shares@$1 per share Retained Earnings Opening Balance Total Retained Earnings 38950 8876 9280 20794 185700 206494