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9. Overton Supply reported the following information at December 31,2017: Common stock, $1 par, 100,000 shares authorized Additional paid-in capital-common Retained earnings Total contributed capital
9. Overton Supply reported the following information at December 31,2017: Common stock, $1 par, 100,000 shares authorized Additional paid-in capital-common Retained earnings Total contributed capital and retained earnings Less: Treasury stock (2,000 common shares at cost) Total stockholders' equity $ 80,000 60,000 $180,000 (20,000) $160,000 Answer the following questions for Overton Supply. Assuming that all shares were sold at the same price, what was the price for each share of common stock when it was originally sold? . What is the amount for retained earnings? .What is the total amount of contributed capital at December 31, 2017
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