points 2 3 Long-term debt: $65,000,000 4 Preferred stock: $15,000,000 5 Common stock: $40,000,000 6 Paid in excess: $15,000,000 7 Retained earnings: $37,500,000 8 9 The company's long-term debt is comprised o 10 11

2 3 Long-term debt: $65,000,000 Preferred stock: $15,000,000 Common stock: $40,000,000 Paid in excess: $15,000,000 Retained earnings: $37,500,000 The company's long-term debt is comprised o