Answer:
Explanation:
Stockholder's Equity
Paid in Capital:
Common Stock $48,000,000
Paid in Capital in excess of Par - Common Stock $6,400,000
Paid in Capital from sale of Treasury Stock $4,500,000
[58,900,000]
Total Paid in Capital $58,900,000
Retained earnings $63,680,000
Total Paid in Capital & Retained Earnings $122,580,000
Deduct: Treasury Stock $5,200,000
Total Stockholder's Equity $117,380,000
