Sheffield Corp. has been authorized to issue 20,500 shares of $100 par value, 9%, noncumulative preferred stock and 1,150,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $155,000 Paid-in Capital in Excess of Par Value-Preferred Stock 21,500 Common Stock 1.985,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,560,000 Treasury Stock (4,130 common shares) 45.430 Retained Earnings 83,100 Accumulated Other Comprehensive Income 49,500 The preferred stock was issued for $176,500 cash. All common stock issued was for cash. In November 4,130 shares of common stock were purchased for the treasury at a per share cost of $11. No dividends were declared in 2022. Focus no le SHEFFIELD CORP. Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Treasury Stock Less Accumulated Other Comprehensive Income Total Stockholders' Equity