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As of December 31, 2021 Jaxon and Jordan Associates had the following equity balances: Stockholders' Equity December 31, 2021 Common stock - $0.50 par value,
As of December 31, 2021 Jaxon and Jordan Associates had the following equity balances: Stockholders' Equity December 31, 2021 Common stock - $0.50 par value, authorized 1,000,000 shares $ 100,000 Additional paid-in capital 980,000 Treasury stock-5,000 shares (30,000) Retained earnings 250,000 Total stockholders' equity $1.300.000 1. Compute the number of shares that have been issued. 2. At what average issue price were the shares issued? 3. At what average cost were the treasury stock purchased
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