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The stockholders' equity section on the December 31 balance sheet of Hadley Corporation reported the following...

The stockholders' equity section on the December 31 balance sheet of Hadley Corporation reported the following amounts: Preferred Stock (par $50; authorized 10,000 shares, ? issued 310,400 Additional Paid-in Capital, Preferred 18,401 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,300 shares) 60,204 Retained Earnings 137,366 Treasury Stock, 1,000 Preferred shares at cost 56,824 What is the total paid in capital for Hadley Corporation?

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Answer #1

Total paid in capital = Preferred stock + Common stock

= ($310,400 + $18,401) + $60,204

= 389,005

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