Stockholders' Equity. Transactions and Balance Sheet Presentation The stockholder equity of Summit Corporation at Jaruary 1 follown: the followiry, transactions, ambing cthers, occurred dutingthe year \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Paid-in-Capleat in Excess of Par Value- } \\ Preterred stock \\ \hline Beg, bal & & 24,000 \\ \hline jun.or & 0 & 20,000 \\ \hline Bal, & 0 & 44,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Paid-in-Capital in Excess of Rar Value - } \\ \hline \multicolumn{2}{|c|}{ Common stock } \\ \hline Beg. bal & & 360,000 \\ Mar-31 & 0 & 14,000 \\ \hline Nov.21 & 0 & 45,000 \\ \hline Bali & 0 & 419,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Paid-in-capital from treasury stock } \\ \hline Oct12 & 2