Stockholders' equity: Preferred stock, $100 par, 8% Common stock, $3 par Additional paid-in capital* Retained earnings Total stockholders' equity *For common stock only. January 1 $ 4,000,000 3,000,000 4,800,000 4,000,000 $15,800,000 December 31 $ 4,000,000 3,000,000 4,800,000 4,250,000 $16,050,000