6 The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts Contributed Capital 1 points Preferred Stock (par $20; authorized 10,000 shares, issued, of which 1,000 shares are held as treasury stock) $ 96,000 Additional Paid-In Capital, Preferred 12,240 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,600 shares). Retained Earnings 537,600 Treasury Stock, 1,000 Preferred shares at cost 26,000 (9,300) Assume that no shares of treasury stock have been sold in the past Required: Complete the following statements (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) 1. The number of shares of preferred stock issued was Answer is not complete. 4,800 3,800 per 5 22:55 share $ 90- 2. The number of shares of preferred stock outstanding was 3 The average issue price of the preferred stock was 4 The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7 Total stockholders' equity is per share