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The following selected account balances was taken from the general ledger of Margot Company as of December 31, 2016: Common stock, $760,000 $1 par Margot

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The following selected account balances was taken from the general ledger of Margot Company as of December 31, 2016: Common stock, $760,000 $1 par Margot Retained earnings 524,000 Paid-in capital in excess of par- 140,000 preferred Treasury Stock 660,000 Preferred stock, $ 1,200,000 100 par Paid-in capital in excess of par- 1,520,000 common Given above information, at the end of 2016: Total paid in capital is $2,960,000 and Total Stockholders' equity is $2,436,000 Total paid in capital is $2,960,000 and Total Stockholders' equity is $3,484,000 Total paid in capital is $4,280,000 and Total Stockholders' equity is $4,804,000 Total paid in capital is $3,620,000 and Total Stockholders' equity is $3,484,000

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