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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 $240,000
Common stock, ? par, 10,000 shares authorized, 6,000 shares issued 60,000
Additional paid-in capitalPreferred 9,600
Additional paid-in capitalCommon 420,000
Additional paid-in capitalTreasury stock 1,200
Total contributed capital $730,800
Retained earnings 50,000
Treasury 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.

1. The number of shares of preferred stock issued shares

2. The number of shares of preferred stock outstanding shares

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

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

7. The total stockholders' equity $

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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