Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) Common stock, $0.50 par value; 6,500,000 authorized shares; 2018 3,577,105,722 issued shares $1,789 Other paid-in capital 46,570 Retained earnings 51,095 Accumulated other comprehensive loss (6,654) Stockholders' equity before deduction for treasury stock $92,800 Less treasury stock, at cost:984,543,979 shares Total Merck & Co. Inc. stockholders' equity a. Show the computation of the $1,789 million in the common stock account. 61,115 $31,685 shares x $ per share rounded down to $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share d. How many common shares are outstanding as of December 31, 2018? shares outstanding e.. Assume Merck's closing stock price is $76.41 per share on December 31, 2018. Use that amount to calculate the company's market cap for that day. million