LUMLEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, $2 par, 750,000 shares authorized, 500,000 shares issued Paid-in capital in excess of par - common Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity $600,000 1,000,000 200,000 1,800,000 1,858,000 3,658,000 64,000 $3,594,000 From a review of the stockholders' equity section, as chief accountant, answer the following questions.

LUMLEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, $2 par, 750,000 shares authorized, 500,000 shares issued Paid-in capital in excess of par-common Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, as chief accountant, answer the following questions. LUMLEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, $2 par, 750,000 shares authorized, 500,000 shares issued Paid-in capital in excess of par-common Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, as chief accountant, answer the following questions