Question: The stockholders' equity section of Marin Corporation appears below as of December 31, 2017. 8% preferred stock, $50 par value, authorized 101,370 shares,
outstanding 91,370
shares $4,568,500
Common stock, $1.00 par,
authorized and issued 10,844,900
shares $10,844,900
Additional paid-in capital $20,539,000
Retained earnings $134,841,000
Net income $33,000,000 $167,841,000 $203,793,400