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Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) Common stock (par $0.01) Additional Paid in capital Total

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Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) Common stock (par $0.01) Additional Paid in capital Total paid in capital Retained earnings $300,000 1,000 1,811,000 2,112,000 565,200 Treasury stock (3,000 common shares) Total stockholders' equity (66,000) $2,611,200 Assume that the company sold 1,000 shares of its treasury stock for $25 per share. 7. How much would additional paid in capital change? $. 8. How much would Stockholders' Equity change? 9. How many shares of Commons stock would be issued after the $. reissuance? shares How many shares of Common stock would be outstanding after 10. the reissuance? shares

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