Common stock $ 1,000Cash 21,000Land 30,000Retained earnings 9,500Accounts receivable 4,000Paid-in capital in excess of par value, common stock 17,000Notes payable (due in 5 years) 11,000Preferred stock 8,000Salaries payable 6,000Accounts payable 6,500Treasury stock 6,000Paid-in capital in excess of par value, preferred stock 2,000