AaBbCcDdEe V B Normal No Spacing | AaBbCcDd AaBbCcDc Heading 1 Heading 2 Question 1 Jennifer Corporation has issued 300,000 shares of $3 par value common stock. It is authorized to issue 600,000 shares. The paid-in capital in excess of par value on the common stock is $380,000. The corporation has reacquired 15,000 shares at a cost of $50,000 and is currently holding those shares. The corporation also has 4,000 shares issued and outstanding of 8%, $100 par value preferred stock. It is authorized to issue 10,000 shares. The paid-in capital in excess of par value on the preferred stock is $97,000. Retained earnings is $610,000. Prepare the stockholders' equity section of the balance sheet. Stockholders' equity Paid-in capital Capital stock Jennifer Corporation Balance Sheet (partial) 8% preferred stock, $100 par value, 10,000 shares authorized, 4,000 shares issued and outstanding Common stock, $3 par value, 600,000 shares authorized, 300,000 shares issued, and 285,000 shares outstanding Total capital stock Additional paid-in capital In excess of par-preferred stock In excess of par value-common stock Total additional paid-in capital Total paid-in capital Retained earnings Total paid-in capital and retained earnings Accessibility Investigate Mates) : F3 MacBook Air Focus F4 ZD F5 F6 32 04 DII