Pringle Corporation has been authorized to issue 21,900 shares of $100 par value, 9%, noncumulative preferred stock and 1,183,200 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for $173,130 cash. All common stock issued was for cash. In November 3,550 shares of common stock were purchased for the treasury at a per share cost of $9. No dividends were declared in 2014