Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the December 31, Pillar Inc. balance sheet. Stockholders' Equity ($ millions) Common stock of $1.00 par; Authorized shares: Issued Treasury stock Profit employed in the business Accumulated other comprehensive income (loss) Noncontrolling interests Total stockholders' equity 2,000,000,000; 814,894,624 shares at paid-in amount $5,827 239,351,886 shares, at cost (20,531) 30,427 (1,684) 41 $14,080 d. Why would a company such as Pillar want to repurchase its common stock? 1 To increase the dilutive effects of shares issued to employees under stock option plans 2 To mitigate a takeover threat if the remaining shares are concentrated in "friendly hands." 3 To send a signal to the market that the company feels its shares are overvalued. 4 To return excess cash to shareholders. e. What is meant by "Profit employed in the business"? The account balance was $26,301 million at the start of the year and the company reported net income of $6,147 million for the year. What amount did the company record as dividends during the year? $ 0 million ss"? art of Common stock par value Additional paid-in capital-CS Common stock par value plus Additional paid-in capital-CS Retained earnings Retained earnings plus Paid-in capital Inf