Exercise 11-4 The stockholders' equity section of Pronghorn Corp's balance sheet at December 31 is presented here. PRONGHORN CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,500 shares authorized, 6,300 shares issued and outstanding 655,200 Common stock, no par, 761,638 shares authorized, 589,000 shares issued 1,767,000 Total paid-in capital 2,422,200 1,182,000 Retained earnings Total paid-in capital and retained earnings 3,604,200 Less: Treasury stock (6,900 common shares) 36,800 $3,567,400 Total stockholders' equity From a review of the stockholders' equity section, answer the following questions