Sarasota Corp. has been authorized to issue 20,400 shares of $100 par value, 6%, noncumulative preferred stock and 1,140,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $154,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,400 Common Stock 1,980,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,550,000 Treasury Stock (4,100 common shares) 32.800 Retained Earnings 82.600 Accumulated Other Comprehensive Income 49.400 The preferred stock was issued for $175,400 cash. All common stock issued was for cash. In November 4,100 shares of common stock were purchased for the treasury at a per share cost of $8. No dividends were declared in 2022