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Wildhorse Co. December 31, 2017 balance sheet showed the following: 6% preferred stock. $20 par value, cumulative, 30000 shares authorized: 22000 shares issued $ 440000

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Wildhorse Co. December 31, 2017 balance sheet showed the following: 6% preferred stock. $20 par value, cumulative, 30000 shares authorized: 22000 shares issued $ 440000 Common stock, $10 par value, 3,000,000 shares authorized; 1.950,000 shares issued, 1,920,000 shares outstanding 19500000 Paid-in capital in excess of par value - preferred stock 59000 Paid-in capital in excess of par value - common stock 27900000 Retained earnings 9650000 Treasury stock (30.000 shares) 726000 Wildhorse declared and paid a $81300 cash dividend on December 15, 2017. If the company's dividends in arrears prior to that d were $22400, Wildhorse common stockholders received

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