Task: Presented below is information related to Edis Corporation:
Common Stock, $1 par $4,300,000
Paid-in Capital in Excess of Par Common Stock 550,000
Preferred 8 1/2% Stock, $50 par 2,000,000
Paid-in Capital in Excess of Par Preferred Stock 400,000
Retained Earnings 1,500,000
Treasury Common Stock (at cost) 150,000
Q1. What is the total stockholders' equity?
Q2. What is the total paid-in capital (cash collected) related to the common stock?