Question
Sunland Companys December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 35000 shares authorized; 16000 shares issued $ 160000
Sunland Companys December 31, 2020 balance sheet showed the following:
6% preferred stock, $10 par value, cumulative,
35000 shares authorized; 16000 shares issued $ 160000
Common stock, $10 par value, 4,000,000 shares authorized;
2,600,000 shares issued, 2,560,000 shares outstanding 29800000
Paid-in capital in excess of par value - preferred stock 74000
Paid-in capital in excess of par value - common stock 28100000
Retained earnings 9750000
Treasury stock (26000 shares) 572000
Sunlands total stockholders' equity was
$68992000.
$68152000.
$67312000.
$55952000.
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