Analysis of Stockholders' Equity

The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued	$275,000
Common stock, ? par, 10,000 shares authorized, 9,000 shares issued	90,000
Additional paid-in capitalPreferred	8,250
Additional paid-in capitalCommon	720,000
Additional paid-in capitalTreasury stock	1,000
Total contributed capital	$1,094,250
Retained earnings	49,000
Treasury stock, preferred, 200 shares	(6,800)
Total stockholders equity	$ ?

Required: Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent. 1. The number of shares of preferred stock issued 5,500 shares 2. The number of shares of preferred stock outstanding 5,300 shares 3. The average per-share sales price of the preferred stock when issued $ 51.5 per share 4. The par value of the common stock 10 per share 5. The average per-share sales price of the common stock when issued 90 per share 6. The cost of the treasury stock per share 34.0 per share 7. The total stockholders' equity $ 1,136,450 8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value $ 96.9 X per share Feedback Check My Work 1) The preferred stock account reflects total par value for all preferred shares issued. 2) Outstanding shares are the number of shares issued less the number of shares held as treasury stock. 3) Total proceeds received from preferred stock issuance are reported in two accounts: a) the par value is in the preferred stock account, b) the excess (price received - par value) is in additional paid-in capital account. 4) The common stock account reflects total par value for all shares issued