Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2014, the following accounts were included in stockholders� equity.
Preferred Stock, 150,000 shares$ 3,000,000Common Stock, 2,000,000 shares10,000,000Paid-in Capital in Excess of Par�Preferred Stock200,000Paid-in Capital in Excess of Par�Common Stock27,000,000Retained Earnings