The stockholders' equity section on the December 31. 2006. balance sheet of Chemfast Corporation follows: Stockholders' Equity

The stockholders' equity section on the December 31. 2006. balance sheet of Chemfast Corporation follows:

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Stockholders' Equity Contributed capital Preferred stock (par $20; authorized 10,000 shares, ? issued. of which 500 shares are held as treasury stock) $104.000 Common stock (no-par; authorized 20.000 shares, issued and outstanding 8.000 shares) 600.000 Capital in excess of par, preferred 14.300 Contributed capital, treasury stock transactions 1.500 Retained earnings 30,000 Cost of treasury stock. preferred (9.500)