Concord Corporation's December 31, 2021 balance sheet showed the following 9% preferred stock, $20 par value, cumulative, 11000 shares authorized; 8500 shares issued $170000 Common stock, $10 par value, 900000 shares authorized 875000 shares issued, 860000 shares outstanding 8750000 Paid-in capital in excess of par-preferred stock 31500 Paid-in capital in excess of par-common stock 13500000 Retained earnings 3700000 330000 Treasury stock (15000 shares) Concord declared and paid a $58600 cash dividend on December 15, 2021. If the company's dividends in arrears prior to that date were 510000, Concord's common stockholders received