contra asset account. retained earnings account. A) 8 B) C) asset account. contra stockholders' equity account. 4. Romesco Corporation's December 31, 2017 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 40,000 shares authorized; 30,000 shares issued 300,000 Common stock, $10 par value, 4,000,000 shares authorized; 39,000,000 3,900,000 shares issued, 3,860,000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (40,000 shares) 120,000 54,000,000 15,300,000 1,260,000 2 Romesco's total stockholders' equity was A) $109,980,000 B) $93,420,000. C) $108,720,000. D) $107,460,000