Incorrect answer icon Your answer is incorrect. Waterway Corporations December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, 34900 shares authorized; 24900 shares issued $ 498000 Common stock, $10 par value, 2100000 shares authorized; 2050000 shares issued, 2020000 shares outstanding 20500000 Paid-in capital in excess of parpreferred stock 69800 Paid-in capital in excess of parcommon stock 27390000 Retained earnings 7510000 Treasury stock (34900 shares) 652000 Waterways total paid-in capital was

$47805800.

$27459800.

$48457800.

$49109800.