The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2015, is as follows: Shareholders' Equity Preferred stock, $100 par value; authorized, 300,000 shares, issued, 30,500 shares Common stock, $5 par value; authorized, 2,000,000 shares; issued, 439,000 shares Paid-in capital in excess of par-preferred Paid-in capital in excess of par-common Retained earnings 3,050,000 2,195,000 94,000 825,000 2,970,000 9,134,000 The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2015, is as follows: Shareholders' Equity Preferred stock, $100 par value; authorized, 300,000 shares, issued, 30,500 shares Common stock, $5 par value; authorized, 2,000,000 shares; issued, 439,000 shares Paid-in capital in excess of par-preferred Paid-in capital in excess of par-common Retained earnings 3,050,000 2,195,000 94,000 825,000 2,970,000 9,134,000