The stockholders' equity section of Bramble Corporation's balance sheet at December 31 is presented here. Bramble Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,500 shares authorized, 5,100 shares issued and outstanding $510,000 Common stock, no par, 720,000 shares authorized, 550,000 shares issued 1,650,000 Total paid-in capital 2,160,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,000 common shares) Total stockholders' equity 1,148,000 3,308,000 26,600 $3,281,400