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  3. kitty corporation's december 31, 2020, balance she

Kitty Corporation's December 31, 2020, balance sheet showed the following values: Preferred stock, $30 par...

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Accounting

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Kitty Corporation's December 31, 2020, balance sheet showed the following values: Preferred stock, $30 par value, 7% cumulative, 10,000 shares authorized; 5,000 shares issued and outstanding $ 300,000 Common stock, $5 par value, 1,000,000 shares authorized; 650,000 shares issued, 640,000 shares outstanding Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained earnings 3,100,000 Treasury stock (10,000 shares) 110,000 What was Kitty Corporation's total stockholders' equity value for 2020? 3,250,000 30,000 6,000,000 pts

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