Question: Bramble Corp. has issued 9 6 , 0 0 0 shares of $ 7 par value common stock. It was authorized 5 0 9 ,

Bramble Corp. has issued 96,000 shares of $7 par value common stock. It was authorized 509,000 shares. The paid-in capital in excess of par value on the common stock is $267,000. The corporation has reacquired 7,600 shares at a cost of $46,500 and is currently holding those shares. It also had accumulated other comprehensive income of $63,000. The corporation also has 29.000 shares issued and outstanding of 8%, $105 par value preferred stock It was authorized 10,400 shares. The paid-in capital in excess of par value on the preferred stock is $26,800. Retained earnings is $386,000.

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