3 General Instructions 4 1. The following worksheet may be used to complete the exercise/problem. 5 You may need to refer to your textbook for additional information. 6 2. The blue cells are for data entry. Enter text in the T cells, fomulas in the F cells, and 7 dollars or numbers in the $ cells. 8 3. The completed exercise/problem may be printed or e-mailed per direction from your instructor 10 P11-12A 12 The Stockholders Equity section of the December 31, 2017, balance sheet of Carter 13 Company appeared as folows 14 15 16 17 18 19 Prefemed stock, $50 par value, 10,000 shares authorized, 7 shares issued S 400,000 Common stock, ? par value, 20,000 shares authorized, 14,000 shares issued 280,000 12,000 980,000 Additional paid-in capital-Preferred Addtional paid-in capital-Common Additional paid-in capital-Treasury stock Total contributed capital Retained eamings Less: Treasury stock, prefermed, 200 shares 21 S 1,674,000 80,000 24 25 (12.800) Total stockholders' equity 27 Required 29 Determine the following items based on Carter's balance sheet 30 31 1. The number of shares of preferred stock issued 32 Preferred stock issued- shares 35 2. The number of shares of preferred stock outstanding 36 37 38 39 3. The average per-share sales price of the preferred stock when issued 40 Preferred stock outstanding . F -shares Average sales price per share 43 4. The par value of the common stock 45 47 5. The Par value of common stock F average per-share sales price of the common stock when issued 48 Average sales price per share 50 P11-12A+ Ready