Question 20 Nance Corporation's December 31, 2019 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 5,000 shares issued $ 100,000 Common stock. $10 par value, 1,000,000 shares 6,500,000 authorized; 650,000 shares issued, 640,000 shares outstanding Paid-in capital in excess of par value - preferred 20,000 stock Paid-in capital in excess of par value - common 9,000,000 stock Retained earnings 2,550,000 Treasury stock (10,000 shares) 210,000 Nance's total paid-in capital was $15.620,000. $15,830,000. $15,410,000. $9,020,000