Question
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
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 $200,000 Common stock, ? par, 10,000 shares authorized, 10,000 shares issued 100,000 Additional paid-in capitalPreferred 9,000 Additional paid-in capitalCommon 800,000 Additional paid-in capitalTreasury stock 2,000 Total contributed capital $1,111,000 Retained earnings 39,000 Treasury stock, preferred, 100 shares (3,300) 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 5,000 shares 2. The number of shares of preferred stock outstanding 4,900 shares 3. The average per-share sales price of the preferred stock when issued $ 41.8 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 $ 33 per share 7. The total stockholders' equity $ 1,146,700 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 $ 94.67 per share
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