View Policies Current Attempt in Progress The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. Stockholders' equity BLUE SPRUCE CORP. Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 12,300 shares authorized, 7,400 shares issued and outstanding $747,400 Common stock, no par, 760,000 shares authorized, 590,000 shares issued 1,770,000 Total paid-in capital 2,517,400 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,100 common shares) Total stockholders' equity 1,151,000 3,668,400 38,000 $3,630,400