Answer:
Hyde Corp. equity report - September 1, 2017
<u>Stocks outstanding:</u>
common stocks outstanding (5,000 stocks¹) $5,000
preferred stock outstanding (1,500 stocks²) $15,000
<u>Additional paid-in capital:
</u>
common stocks outstanding (5,000 stocks³) $70,000
preferred stock outstanding (1,500 stocks⁴) $22,500
Total additional paid-in capital $92,500
¹ common stocks are reported at par value: $1
² preferred stocks are reported at par value: $10
³ additional pain-in capital for every common stock = $15 - $1 = $14
⁴ additional pain-in capital for every preferred stock = $25 - $10 = $15
