E15-16 Contributed Capital Adams Companys records provide the following information on December 31, 2019: Account Title Amount Additional Paid-in Capital on Preferred Stock $ 17,000 Common Stock SHOW ME HOW Premium on Bonds Payable Preferred Stock Bonds Payable Preferred Stock Subscribed Retained Earnings Additional Paid-in Capital on Common Stock 75,000 4,000 80,000 100,000 20,000 121,000 84,000 Additional information: 1. Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are out-standing. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative, and is callable at $130 per share.