Analyze equity section of balance sheet. (LO 1, 2, 5)

At December 31, 2006, Plasma Company reported the following on its comparative balance sheet (amounts in thousands).

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a. What is the par value of the company's common stock?

b. Did the company issue any new shares during the fiscal year ended December 31, 2006?

c. What was the approximate (average) issue price of the stock issued during the year?

d. Did Plasma Company earn net income (loss) during the year? Assuming no dividends were paid, how much was net income (loss)?

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Common stock Authorized: 1,200 shares December 31, 2006 December 31, 2005 Issued: 950 shares at 2006 $475 900 shares at 2005 $ 450 Paid-in capital in excess of par 19,000 17,550 Retained earnings 45,500 31,300