HW-Chapter-11 5 The stockholders' equity section of the balance sheet for Mann Equipment Co. December 31, 2016, is as follows: 10 Stockholders' Equity Paid-in capital Preferred stock, par value, 6% cumulative, 100,000 shares authorized, 10,000 shares issued points eBook Print and outstanding Common stock, $10 stated value, 200,000 shares s 200000 References authorized, 100,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value- 1,000,000 25,000 Common Total paid-in capital Retained earnings 1725,000 420,000 $2,145,000 Total stockholders' equity Note: The market value per share of the common stock is $42, and the market value share of the preferred stock is $26. Required a. What is the nar value ner share of the preferred stock? 1 5 of 5 Mc Graw