Exercise 11-4 The stockholders' equity section of Monty Corp.'s balance sheet at December 31 is presented here. MONTY CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding 612,000 2,276,000 2,888,000 1,164,000 4,052,000 27,733 $4,024,267 Common stock, no par, 735,776 shares authorized, 569,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,200 common shares) Total stockholders' equity