Question
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
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, 10,000 shares issued 100,000 Additional paid-in capital-Preferred 9,900 Additional paid-in capital-Common 700,000 Additional paid-in capital-Treasury stock 2,000 Total contributed capital $1,086,900 45,000 (3,200) $ ? Retained earnings Treasury stock, preferred, 100 shares 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 -500 X shares 3. The average per-share sales price of the preferred stock when issued 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 per share 6. The cost of the treasury stock per share 32 per share 7. The total stockholders' equity 1,128,700 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
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