Thanksgiving Corporation reports the following components of stockholders' equity on December 31, 20XX Common Stock--$8 par value, 100,000 sh authorized, 40,000 sh issued and outstanding $320,000 Paid in Capital in Excess of Par Value on Common Stock 80,000 Retained Earnings 3,100,000 Total Stockholders' Equity 3,500,000 Jan 1 Issued 9,000 shares of Common Stock at par value.