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What is silver total legal capital at december

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Reference no: EM132172835

Question - Shown below is information relating to the stockholders' equity of Silver Inc. at December 31, 20XX:

10% cumulative preferred stock, $150 par $900,000

Common stock, $6.50 par, 500,000 shares authorized $2,600,000

Paid-in capital in Excess of Par: common stock $132,000

Retained earnings $1,551,000

Dividends in arrears on preferred stock, 1 full year

What is Silver's total legal capital at December 31, 20XX?

Reference no: EM132172835

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