Nance corporation’s december 31, 2010 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 5,000 shares issued $ 100,000 common stock, $10 par value, 1,000,000 shares authorized; 650,000 shares issued, 640,000 shares outstanding 6,500,000 paid-in capital in excess of par value – preferred stock 20,000 paid-in capital in excess of par value – common stock 9,000,000 retained earnings 2,550,000 treasury stock (10,000 shares) 210,000 nance’s total stockholders’ equity was a. $18,380,000 b. $15,620,000 c. $18,170,000 d. $17,960,000