PII-SA. Stockholders' Equity Transactions, Journal Entries, and T-Accounts The stockholders' equity of Black Corporation at January 1 follows: 8 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding Common stock, $1 par value, 100,000 shares authorized; 40,000 shares issued and outstanding Paid-in capital in excess of par value-Preferred stock. Paid-in capital in excess of par value-Common stock. Retained earnings.... Total Stockholders' Equity. $ 500,000 40,000 200,000 800,000 625,000 $2,165,000