this is a stock equity question and Can someone please explain this to me.

Kenley Inc. was organized and authorized to issue 25,000 shares of $100 par value, 5% percent preferred stock, and 250,000 shares of $1 par value common stock on June 1, 2019

Issued 3,000 shares of preferred stock

APIC - preferred 15,000

Issued 20,000 shares of common stock

APIC-Common 126,000

Had 4,000 shares of treasury stock at a cost of 38,000

Retained earnings had a balance of 15,000