ssets Current assets $ 32,200 Property and equipment, net 89,000 $ 121,200 Total assets iabilities and Equity Liabilities $ 36,500 Stockholders' equity: $0.70 cumulative preferred stock, $5 par, 800 shares issued 4,000 Common stock, $6 par, 6,700 shares issued 40,200 Paid-in capital in excess of par-common 18,500 22,000 Retained earnings $ 121,200 Total liabilities and equity