The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows.

Stockholders' Equity Paid-in capital Preferred stock, P par value, 4% cumulative, 199,999 shares authorized, 49,999 shares issued and outstanding $499,999 Common stock, $15 stated value, 249,999 shares authorized, 49,999 shares issued and ?? shares outstanding 735,999 Paid-in capital in excess of parPreferred 39,999 Paid-in capital in excess of stated valueCommon 147,999 Total paid-in capital $1,411,999 Retained earnings 349,999 Treasury stock, 8,999 shares (39,999) Total stockholders' equity $1,721,999