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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.

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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. $5,827 Stockholders' Equity ($ millions) Common stock of $1.00 par; Authorized shares: 2,000,000,000; Issued 814,894,624 shares at paid-in amount Treasury stock 239,351,886 shares, at cost Profit employed in the business Accumulated other comprehensive income (loss) Noncontrolling interests Total stockholders' equity (20,531) 30,427 (1,684) 41 $14,080 a. How many shares of Pillar common stock are outstanding at year-end? 575,542,738 shares outstanding b. What does the phrase "at paid-in amount" in the common stock account mean? Common stock par value plus Additional paid-in capital-CS - c. At what average cost has Pillar repurchased its stock as of year-end? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). $ 0.41 X

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