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QUESTION 25 $360,000 Zyrkel Corporation's December 31, 2020 balance sheet showed the following 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized: 20,000 shares

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QUESTION 25 $360,000 Zyrkel Corporation's December 31, 2020 balance sheet showed the following 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized: 20,000 shares issued Common stock, $10 par value, 2,000,000 shares authorized;1,950,000 shares issued, 1,920,000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (30,000 shares) 17,400,000 30,000 48,000,000 7,500,000 560,000 Calculate Zyrkel's total paid-in capital

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