Reference no: EM133115344
Question - Sheridan Corporation's December 31, 2020 balance sheet showed the following:
9% preferred stock, $20 par value, 45600 shares authorized; 35600 shares issued $712000
Common stock, $10 par value, 2190000 shares authorized;
2140000 shares issued, 2110000 shares outstanding 21400000
Paid-in capital in excess of par-preferred stock 64100
Paid-in capital in excess of par-common stock 27480000
Retained earnings 7560000
Treasury stock (45600 shares) 646000
Required - Determine the Sheridan total paid-in capital?
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