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  3. shareholders' equity preferred stock, 5% cumulati

Shareholders' equity Preferred stock, 5% cumulative, $50 par value, 95,000 shares authorized, 23,750 shares...

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Accounting

Shareholders' equity
Preferred stock, 5% cumulative, $50 par value, 95,000 shares authorized, 23,750 shares issued and outstanding
$1,187,500
Common stock, $1 par, 9,900,000 shares authorized, 990,000 shares issued and outstanding
950,000
Additional paid-in capital
4,050,000
Retained earnings
5,900,000
Total shareholders' equity

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