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Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $
| Carson Corporation has the following capital stock outstanding at December 31, 2019: | ||||
| 9% Preferred stock, $100 par value, cumulative | ||||
| 15,000 shares issued and outstanding | $ 1,500,000 | |||
| Common stock, no par, $10 stated value, 500,000 shares authorized, | ||||
| 350,000 shares issued and outstanding | $ 3,500,000 | |||
| The preferred stock was issued at | $ 110 | per share. | ||
| The common stock was issued at | $ 16 | per share. | ||
| Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2019. | ||||
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