The stockholders' equity section of the balance sheet for Gator Company at December 31, 2014, is as follows: Stockholders' Equity Paid-in capital Preferred stock, ? par value, 4% cumulative, 190,000 shares authorized, 49,000 shares issued $490,000 and outstanding Common stock, $15 stated value, 240,000 shares 735,000 39,000 147,000 authorized, 49,000 shares issued and? outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 8,000 shares 1,411,000 340,000 (30,000) Total stockholders' equity $1,721,000