the stockholders' equity section on the december 31 balance sheet of chemfast corporation reported the following amounts: contributed capital preferred stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 112,000 additional paid-in capital, preferred 16,520 common stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) 665,600 retained earnings 34,000 treasury stock, 1,000 preferred shares at cost (9,700) assume that no shares of treasury stock have been sold in the past.
