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(Solved): Waterway Corporation's December 31, 2021 balance sheet showed the following: 9% preferred stock, $20 ...



Waterway Corporation's December 31, 2021 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 15700 shares authorized; 10700 shares issued Common stock, $10 par value, 930000 shares authorized; 905000 shares issued. 890200 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14800 shares) Waterway's total paid-in capital was $10994000. O $20633200, $21254800. $20944000. mu $ 214000 9050000 30000 11650000 3780000 310800

\( \$ 10994000 \)
\( \$ 20633200 \)
521254800
\( \$ 20944000 \).
521254800 .


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Calculate the Paid-in capital in Preferred stock.

Paid-in capital in Preferred stock = (Number of shares issued x Par value of Preferred stock) 
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