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Ayayai Corps December 31, 2020 balance sheet showed the following: 6% preferred stock. $10 par value, cumulative, 35000 shares authorized; 25000 shares issued $ 250000

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Ayayai Corps December 31, 2020 balance sheet showed the following: 6% preferred stock. $10 par value, cumulative, 35000 shares authorized; 25000 shares issued $ 250000 Common stock. $10 par value, 3,000,000 shares authorized: 19500000 1,950,000 shares issued, 1,920,000 shares outstanding Paid-in capital in excess of par value - preferred stock 60000 Paid-in capital in excess of par value - common stock 28700000 Retained earnings 9750000 Treasury stock (27000 shares) 594000 Ayayai's total stockholders' equity was Paid-in capital in excess of par value - common stock 28700000 Retained earnings 9750000 Treasury stock (27000 shares) 594000 Ayayai's total stockholders' equity was $57666000 O $58854000. O $47944000. O $671610

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