TB MC Qu. 11-77 (Algo) Gilligan Corporation was established on... Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 450,000 shares of $12 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances: Common stock, $12 par, 450,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par - Common $ 540,000 90,000 Retained earnings Total stockholders' equity $ 630,000 1,485,000 $ 2,115,000 Multiple Choice 0 $45,900 $90,000 0 $137,700 $44,100 TB MC Qu. 11-77 (Algo) Gilligan Corporation was established on... Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 450,000 shares of $12 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances: Common stock, $12 par, 450,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par - Common $ 540,000 90,000 Retained earnings Total stockholders' equity $ 630,000 1,485,000 $ 2,115,000 Multiple Choice 0 $45,900 $90,000 0 $137,700 $44,100