Communications has the following stockholders' equity on , :Stockholders' Equity Paid-In Capital: Preferred Stock6%, $ 9 Par Value; 150,000 shares authorized, 25,000 shares issued and outstanding $225,000 Common Stock$4 Par Value; 575,000 shares authorized, 330,000 shares issued and outstanding 1,320,000 Paid-In Capital in Excess of ParCommon 825,000 Total Paid-In Capital 2,370,000 Retained Earnings 170,000 Total Stockholders' Equity $2,540,000