The stockholders' equity section of Ayayai Corporation's balance sheet at December $31$ is presented here.

The stockholders' equity section of Ayayai Corporation's balance sheet at December 31 is presented here. Ayayai Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,500 shares authorized, 7,500 shares issued and outstanding Common stock, no par, 735,000 shares authorized, 565,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6.900 common shares) Total stockholders' equity $750,000 2,260,000 36.800