Comprehensive The shareholders' equity section of Gaines Industries's balance sheet appeared as follows at December 31, 2015: Contributed Capital: 300,000 Preferred stock, 8%, $100 par (5,000 shares authorized, 3,000 shares issued) Common stock, $10 par (25,000 shares authorized, 20,000 shares issued of which 500 shares are being held as treasury stock) Additional paid-in capital on preferred stock Additional paid-in capital on common stock Common stock option warrants Total contributed capital 200,000 120,000 280,000 32,000 932,000 260,000 $1,192,000 (15,500) ST 76500 Retained earnings Total contributed capital and retained earnings Less: Treasury stock (500 common shares at $31) Total Shareholders' Equity