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Skysong, Inc.s December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30000 shares authorized; 19000 shares issued $ 380000
Skysong, Inc.s December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30000 shares authorized; 19000 shares issued $ 380000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19500000 Paid-in capital in excess of par value - preferred stock 67000 Paid-in capital in excess of par value - common stock 28800000 Retained earnings 9750000 Treasury stock (34000 shares) 782000 Skysong's total stockholders' equity was
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