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Question 6 (1 point) Racer Corporation's December 31, 2012 balance sheet showed the following: 8%...

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Question 6 (1 point) Racer Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock $20 par value, cumulative, 30.000 shares authorized; 15,000 shares issued $ 300,000 Common stock. $10 par value, 3,000,000 shares authorized: 1950 000 shares issued, 1920,000 shares outstanding 19,500,000 Paid-in capital in excess of par value - preferred stock 60,000 Paid-in capital in excess of par value - common stock 27,000,000 Retained eamings 7,650,000 Treasury stock (15,000 shares) 630,000 Racer's total stockholders' equity was (1) $55,140,000. (2) $46,860,000. 3) $54,510,000. O 4) $53,880,000

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