The stockholders’ equity accounts of G.K. Chesterton Company have the following balances on December 31, 2014.
| Common stock, $10 par, 287,000 shares issued and outstanding | $2,870,000 | |
| Paid-in capital in excess of par—common stock | 1,282,000 | |
| Retained earnings | 5,644,000 |
Shares of G.K. Chesterton Company stock are currently selling on the Midwest Stock Exchange at $41.
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