Realistic Corporation's December 31, 2015 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 10,000 shares issued $ 200,000 Common stock, $10 par value, 2,000,000 shares authorized; 1,950,000 shares issued, 1,930,000 19,500,000 shares outstanding Paid-in capital in excess of par-preferred 60,000 stock Paid-in capital in excess of par-common 24,000,000 stock Retained earnings 7,650,000 Treasury stock (20,000 shares) 630,000 Realistic's total paid-intcapital was a) $43,760,000. b) $24,060,000