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Tudor Rainbow Company provides the following information regarding its most recent balance sheet. Stockholders Equity Common Stock, $ 5 par value, 1 , 0 3

Tudor Rainbow Company provides the following information regarding its most recent balance sheet.

Stockholders

Equity

Common Stock, $

5

par value,

1, 032, 500

shares authorized,

175, 500

shares issued and outstanding

877, 500

Additional Paid

-

in Capital in Excess of Par

-

Common

1, 404, 000

Additional Paid

-

in Capital

-

Retired Shares

66, 500

Retained Earnings

1, 052, 000

Total Stockholders

Equity

3, 400, 000

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