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Skysong Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $240 par value $480,000 Common stock, $1 par value 580,000 Paid-in
Skysong Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $240 par value $480,000 Common stock, $1 par value 580,000 Paid-in capital in excess of par - preferred stock 69,600 Paid-in capital in excess of par - common stock 9,280,000 Retained earnings 11,930,000 Treasury stock 138,000
the average cost of the treasury shares was $10 per share
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