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Contributed Capital Adams Company's records provide the following information on Docember 31,2016 : Additional information: 1. Common stock has a $5 par value, 50,000 shares

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Contributed Capital Adams Company's records provide the following information on Docember 31,2016 : Additional information: 1. Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and ere outstanding. 2. Preferred stock has a $100 par value, 3,000 shares are authorwed, g00 thares have been issued and are outitanding Two hindred shares have been subscribed ot 5120 per share. The atock perva an 84 dividend, is cumulative, and is callable at $130 per share. 3. Bonds payable mature on January 1,2020. They carry a 12% annual interest rate, payable semaannually. Addtional information: 1. Commen stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been isaued and are outstanding. 2. Preferred stock has a 5100 par value, 3,000 shares are authorzed, 800 shares have been issued and are outstanding. Two hundred shares have been subecrib per share. The stock pays an a\% dividend, is cumulative, and is callable at $130 per share. 3. Bonds payable mature on January 1,2020 . They earry a 12% annual interest rate, payable semiannually

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