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The Stockholders’ Equity Section Of Lachlin Corporation’S Balance Sheet At December 31 Is Presented Here

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LACHLIN CORPORATION Balance Sheet (partial)
Stockholders’ equity
Paid-in capital
Preferred stock, cumulative, 10,0[11 shapes authorized,
6,000 Shara issued and outstanding $ 600,000
Common stock, no par, 750,000 shares authorized,
530,000 shapes issued 2,900,000
Tbta] paid-in capital 3,500,000
Retained earnings 1,158,000
Total paid—in capital and retained earnings 4, 658,000
Less: Treasury stock (6,000 common shares) 32,000 Total stockholders’ equity $4,626,000 Business