Multiple Choice Question 125

Sunland Corporations December 31, 2020 balance sheet showed the following:

9% preferred stock, $20 par value, cumulative, 15700 shares
authorized; 5700 shares issued	$ 114000
Common stock, $10 par value, 1050000 shares authorized;
1000000 shares issued, 970000 shares outstanding	10000000
Paid-in capital in excess of parpreferred stock	30500
Paid-in capital in excess of parcommon stock	11470000
Retained earnings	3800000
Treasury stock (14600 shares)	306600

Sunlands total paid-in capital was

a. 11664500

b. 21921100

c. 21614500

d. 21307900