and 100,000 shares of $25 par value preferred stock with Beimesthe Corporation is formed on January 2 and is authorized to issue 1,200,000 shares of $1 par value common stock a 6% drndend rate. 200,000 common shares were issued at SS per share and 5,000 preferred shares were issue Assume that retained earnings i S60,000 on December 31How much is total stockholders' earty on December 31 , d at $28 per share when the corporation was formed on January 2