Analysis of Stockholders’ Equity The Stockholders’ Equity section of the December 31, 2010, balance sheet of Eldon Company appeared as follows:
Preferred stock, $30 par value, 5,000 shares authorized, ? shares issued ... $120,000
Common stock, ? par, 10,000 shares authorized, 7 ,000 shares issued .... 70,000
Additional paid-in capital—Preferred .................. 6,000
Additional paid-in capital—Common ................. 560,000
Additional paid-in capital—Treasury stock .............. 1,000
Total contributed capital ....................... $757,000
Retained earnings ........................ 40,000
Less: Treasury stock, preferred, 100 shares ............... (3,200)
Total stockholders’ equity ..................... $ ?

Required
Determine the following items based on Eldon’s balance sheet. 1. The number of shares of preferred stock issued
2. The number of shares of preferred stock outstanding
3. The average per-share sales price of the preferred stock when issued
4. The par value of the common stock
5. The average per-share sales price of the common stock when issued
6. The cost of the treasury stock per share
7. The total stockholders’ equity
8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value