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The Collins Corporation Stockholders' Equity Section Includes the Following What Was the Total Amount Preferred Stock Was Sold For

Question 74

Multiple Choice

The Collins Corporation Stockholders' Equity section includes the following:
 Preferred Stock $13,000 Common Stock 15,000 Paid-in Capital in Excess of Par Value -Preferred 3,100 Paid-in Capital in Excess of Par Value - Common 4,100 Retained Earnings 8,200\begin{array} { | l | r | } \hline \text { Preferred Stock } & \$ 13,000 \\\hline \text { Common Stock } & 15,000 \\\hline \text { Paid-in Capital in Excess of Par Value -Preferred } & 3,100 \\\hline \text { Paid-in Capital in Excess of Par Value - Common } & 4,100 \\\hline \text { Retained Earnings } & 8,200 \\\hline\end{array}
What was the total amount preferred stock was sold for?


A) $12,000
B) $14,700
C) $16,100
D) $20,200

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