Retained Earnings: Transactions and Statement The stockholders equity of Cyclone Corporation at January 1 follows: 6 Percent preferred stock, $25 par value, 50,000 shares authorized; 35,000 shares issued and outstanding $875,000 Common stock, $5 par value, 300,000 shares authorized; 100,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value-Common stock 560,000 Retained earnings 830,000 Total Stockholders' Equity $2,765,000 The following transactions, among others, occurred