Help Seve & Ext Submit Gilligan Corporation was established on February 15, Year 1 Gilligan is euthorized to issue 480,000 shares of $15 per value common stock. As of December 31 Year 3, Gilligan's stockholders' equity accounts report the following belances Common stock, $15 par, 480,000 shares authorized, 48,000 shares issued and outstanding Paid-in capital in excess of par Common Retained earnings Total stockholders' equity Multiple Choice $92.160 $39.360 $720,000 96,000 $16,000 1,665,000 2,481,000 Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 480.000 shares of $15 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances Common stock, $15 par, 480,000 shares authorized, 48,000 shares issued and outstanding Paid-in capital in excess of par Common Retained earnings Total stockholders' equity $720,000 96,000 5816,000 1,665,000 $ 2,481,000