$300,000 Packet Exercise 11.2 Monet Corporation Balance Sheet 12/31/2019 Stockholders' Equity: 6% cumulative preferred stock, $10 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Common stock, $1 par value, 150,000 shares authorized, ? shares issued and ? shares outstanding Additional paid in capital common stock Retained earnings Accumulated other comprehensive income Treasury stock, 2,500 shares at cost Total stockholders' equity 50,000 650,000 850,000 80,000 (100,000) $1,830,000 Using the information above answer the following questions: 1. How many common stock shares are issued as of 12/31/2019? 2. How many common stock shares are outstanding as of 12/31/2019? 3. What is the cost per share of the treasury stock