QUESTION 18 Shown below is information relating to the stockholders' equity of Reeve Corporation as of December 31, Year 1: 3.5% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? $ shares 1,200,000 Common stock, $10 par value; authorized, 400,000 shares; issued and outstanding, 148,000 shares 1,480,000 Additional paid-in capital: Common stock 444,000 Retained earnings (Deficit) (74,000) Dividends in arrears 42,000 What is total paid-in capital? $3,008,000 O $3,198,000 $3,124,000 $3,050,000