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What was the total paid-in capital as of December 31, 2022? begin{tabular}{|l|r|} hline 6%preferredstock,$20parvalue,cumulative,30,000sharesauthorized;20,000sharesissued & $400,000 hline Commonstock,$10parvalue,3,000,000sharesauthorized;1,950,000sharesissued,1,920,000sharesoutstanding & 19,500,000 hline Paid-in capital
What was the total paid-in capital as of December 31, 2022?
\begin{tabular}{|l|r|} \hline 6%preferredstock,$20parvalue,cumulative,30,000sharesauthorized;20,000sharesissued & $400,000 \\ \hline Commonstock,$10parvalue,3,000,000sharesauthorized;1,950,000sharesissued,1,920,000sharesoutstanding & 19,500,000 \\ \hline Paid-in capital in excess of par - preferred stock & 60,000 \\ \hline Paid-in capital in excess of par - common stock & 28,000,000 \\ \hline Retained earnings & 9,650,000 \\ \hline Treasury stock (30,000 shares) & 630,000 \end{tabular}Step by Step Solution
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