Pronghorn Corp. has been authorized to issue 20,200 shares of $100 par value, 7%, noncumulative preferred stock and 1,120,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders equity.

Pronghorn Corp. has been authorized to issue 20,200 shares of $100 par value, 7%, noncumulative preferred stock and 1,120,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Treasury Stock (4,200 common shares) Retained Eamings Accumulated Other Comprehensive Income $152,000 21,200 1,970,000 1,530,000 37,800 81,600 49,200 The preferred stock was issued for $173,200 cash. All common stock issued was for cash. In November 4,200 shares of common stock were purchased for the treasury at a per share cost of $9. No dividends were declared in 2017 share co