The stockholders’ equity accounts of Swifty Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) $660,000 Common Stock ($4 stated value, 660,000 shares authorized) 2,200,000 Paid-in Capital in Excess of Par Value—Preferred Stock 33,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,056,000 Retained Earnings 1,513,600 Treasury Stock (11,000 common shares) 88,000