1. 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	$225,000
   Common stock, ? par, 10,000 shares authorized, 7,000 shares issued	70,000
   Additional paid-in capitalPreferred	6,300
   Additional paid-in capitalCommon	560,000
   Additional paid-in capitalTreasury stock	1,400
   Total contributed capital	$862,700
   Retained earnings	49,000
   Treasury stock, preferred, 200 shares	(6,000)
   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 fill in the blank 1 shares

   2. The number of shares of preferred stock outstanding fill in the blank 2 shares

   3. The average per-share sales price of the preferred stock when issued $fill in the blank 3 per share

   4. The par value of the common stock $fill in the blank 4 per share

   5. The average per-share sales price of the common stock when issued $fill in the blank 5 per share

   6. The cost of the treasury stock per share $fill in the blank 6 per share

   7. The total stockholders' equity $fill in the blank 7

   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 $fill in the blank 8 per share