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 AppendixLO1