Concord Corporation December 31, 2017 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative,

Concord Corporation December 31, 2017 balance sheet showed the following:
6% preferred stock, $10 par value, cumulative,
40000 shares authorized; 25000 shares issued
$ 250000
Common stock, $10 par value, 4,000,000 shares authorized;
2,600,000 shares issued, 2,560,000 shares outstanding
26000000
Paid-in capital in excess of par value – preferred stock
70000
Paid-in capital in excess of par value – common stock
28400000
Retained earnings
9750000
Treasury stock (30000 shares)
690000
Concord total stockholders’ equity was
A)$64620000.
B)$52420000.
C)$63780000.
D)$65460000.
 
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