Racer Corporation's December 31, 2017 balance sheet showed the following: $ 500,000 6% preferred stock, $20 par value, cumulative, 40,000 shares authorized; 25,000 shares issued Common stock, $10 par value, 4,000,000 shares authorized; 2,600,000 shares issued, 2,560,000 shares outstanding Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained eamings Treasury stock (30,000 shares) 26,000,000 80,000 37,000,000 12,200,000 840,000 Racer's total stockholders' equity was $76,620,000 $63,580,000 $75,780,000 $74,940,000