The stockholders' equity section of Sheridan Corporation's balance sheet as of December 31, 2020 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares $1,500,000 Paid-in capital in excess of par 820,000 Retained earnings 2,950,000 $5,270,000