Swifty Corporation has been authorized to issue21,100shares of $100par value,8%, noncumulative preferred stock and1,115,000shares of no-par common stock.

The corporation assigned a $4stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity.

Preferred Stock$161,000Paid-in Capital in Excess of Par ValuePreferred Stock22,100Common Stock2,015,000Paid-in Capital in Excess of Stated ValueCommon Stock1,620,000Treasury Stock (5,100common shares)51,000Retained Earnings82,200Accumulated Other Comprehensive Income50,100

The preferred stock was issued for $183,100cash. All common stock issued was for cash. In November5,100shares of common stock were purchased for the treasury at a per share cost of $10. No dividends were declared in 2017.