Analyze equity section of balance sheet. (LO 1, 2, 3)

Answer the following questions using the shareholders' equity section of Camp Corporation's balance sheet at December 31 .

a. How many shares of common stock are outstanding?

b. On average, what was the issue price of the common shares issued?

c. What is the par value of the preferred stock?

d. If the total annual dividend on preferred stock is \(\$ 24,000\), what is the dividend rate on preferred stock?

e. On average, how much per share did the company pay for the treasury stock?

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Shareholders' equity Preferred stock, cumulative, 10,000 shares authorized, 3,000 shares issued and outstanding Additional paid-in capital, preferred stock Common stock, $0.10 par, 750,000 shares authorized, 600,000 shares issued Additional paid-in capital, common stock Retained earnings Less: Treasury stock (8,000 common shares) Total shareholders' equity $ 300,000 30,000 60,000 234,000 975,000 1,599,000 (85,200) $1,513,800