Corporations: Retained earnings, dividends, treasury stock, and book value (LG 1-5) The stockholders' equity section of Susan Corporation as of December 31, 2010, follows: Stockholders' Equity Paid-in capital Stock Preferred stock, 10% cumulative, $50 par value: 50,000 shares authorized, 4,000 shares issued Common stock, $1 par value: 400,000 shares authorized, 90,000 shares issued Total stock $290,000 Additional paid-in capital: Paid-n capital-excess over par value, common stock Total paid-in capital Retained earnings Total stockholders' equity $450,000 50