Analysis of Stockholders' Equity

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

Preferred stock, $40 par value, 5,000 shares

authorized, ? shares issued$240,000Common stock, ? par, 10,000 shares authorized,

6,000 shares issued60,000Additional paid-in capitalPreferred9,600Additional paid-in capitalCommon420,000Additional paid-in capitalTreasury stock1,200Total contributed capital$730,800Retained earnings50,000Treasury stock, preferred, 100 shares(3,100)Total stockholders' equity$ ?

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.

2.The number of shares of preferred stock outstanding

shares

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

$ per share