12/31/01 in Dollars MAF Inc. Partial Balance Sheet Preferred stock, 7% dividend, $10 par value, non-cumulative, 870,000 non-participating, 100,000 shares authorized, shares issued And outstanding Common stock, $3 par value, 1,000,000 shares authorized, 960,000 Shares issued and shares outstanding Additional paid-in capital in excess of par Preferred 500,000 Common 2,000,000 Retained earnings Treasury stock, 9000 common shares, at cost (72,000) Total stockholders equity 5,500,000 YOU MUST SHOW FORMULA WITH to GET CREDIT 1. How many shares of preferred stock have been sold (issued)? What was the average issuance price? Shores ISSue 2. How many shares of common stock are issued? What was the average issuance price? 3. How many shares of common stock are outstanding? 4. What is the legal capital? Hint: Add the appropriate accounts relating to preferred stock & common stock together