Reference no: EM132733442

Question - A corporation reports the following year-end stockholders' equity:

Contributed capital: Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued $2,500,000

Contributed capital in excess of par, Preferred 125,000

Common stock, $10 par, 500,000 shares Authorized, 400,000 shares issued 4,000,000

Contributed capital in excess of par, Common 1,200,000

Total contributed capital $7,825,000

Retained earnings 10,775,000

Total stockholders' equity $18,600,000

Required - What is the Par value for the preferred stock?