The ledger of Sarasota Corp. at December 31, 2017, after the books have been closed, contains the following stockholders equity accounts. Preferred Stock (10,900 shares issued) Common Stock (307,000 shares issued) $1,111,800 1.535,000 Stud Paid-in Capital in Excess of Par Va Stock 1,530,000 Retained Earnings 1. 2. Preferred stock is 7%, $102 par value, Common stock is no-par with a stated value of $5 per share; 614,000 shares are authorized Since January 1, 2016, 10,900 shares have been outstanding; 21,800 shares are authorized. e of $5 per share; 614,000 shares are 4. On October 1, 64,000 shares of common stock were sold for cash at $10 per share