Identifying and Analyzing Financial Statement Effects of Stock-Based Compensation The stockholders equity of Aspen Corporation at December 31, 2019, follows. 7% Preferred stock, $100 par value, 20,000 shares authorized; 3,200 shares issued and outstanding $320,000 Common stock, $15 par value, 300,000 shares authorized; 24,000 shares issued and outstanding 360,000 Paid-in capital in excess of par valuepreferred stock 28,800 Paid-in capital in excess of par valuecommon stock 288,000 Retained earnings 26