Focus Foot Company reported the following amounts in the stockholders equity section of its December 31, 2006, balance sheet. Preferred stock, 12%, $100 par (100,000 shares, authorized, 25,000 shares issued) $2,500,000 Common stock, $1 par (1,000,000 shares authorized, 300,000 shares issued) 300,000 Additional paid-in capital 950,000 Retained earnings 1,365,000 Total $5,115,000