1. Analysis of stockholders' equity

Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow:

	20X6	20X5
Preferred stock, $100 par value, 10%	$580,000	$500,000
Common stock, $10 par value	2,350,000	1,750,000
Paid-in capital in excess of par value
Preferred	24,000
Common	4,620,000	3,600,000
Retained earnings	8,470,000	6,920,000
Total stockholders' equity	$16,044,000	$12,770,000

a. $80,000 increase in Preferred Stock during the year divided by $1xxx par value = ? shares.

b. $600,000 increase in Common Stock during the year divided by $10 par value = 60,000 shares. Increase in Paid-in Capital in Excess of Par Value: Common during the year of $1,020,000 divided by 60,000 shares = $17. Common stock was issued at a price of $?.

c. Total paid-in capital increased by $1,724,000, which is equal to the increase in Preferred Stock , Common Stock, Paid-in Capital in Excess of Par Value: Preferred, and Paid-in Capital in Excess of Par Value: Answer?

d. Total legal capital increased by $?, which is equal to the increase in par value of preferred and common shares.