Saratoga Group has the following items in their current balance sheet: /> Common Stock 5,000,000 shares authorized, 400,000 issued $1,600,000 Capital Surplus on Common Stock $2,400,000 Treasury Stock on Common 30,000 shares $300,000 Cumulative Preferred Stock 1,600,000 authorized 200,000 issued [10%] $25 par $8,000,000 Retained Earnings $40,000,000

Saratoga Group has the following items in their current balance sheet:

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Common Stock 5,000,000 shares authorized, 400,000 issued       $1,600,000

Capital Surplus on Common Stock                                                 $2,400,000

Treasury Stock on Common  30,000 shares                                    $300,000

Cumulative Preferred Stock 1,600,000 authorized

200,000 issued [10%] $25 par                                                         $8,000,000

Retained Earnings                                                                         $40,000,000

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