Business Course #Return to course Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc. balance sheet. Merck & Co., Inc. Stockholders' Equity (5 millions) Common stock $0.50 par value Authorized 6,500,000,000 shares sued-3.577,103.522 shares in 2014 and 2013 Other paid-in capital Dec. 31, 2014 Dec. 31, 2013 $1,788 $1.788 40.423 40.508 Retained earnings 46.021 29257 Accumulated other comprehensive loss 14323 2.197) 3,909 79356 Less treasury stock, a cost 738.963.326 shares in 2014 and 649,576.800 shares in 2013 35.262 29,591 Total Merck & Co., Inc. stockholders equity 148647 149765 Support Maddie weCracken a. Explain the derivation of the $1,788 milion in the common stock account. Complete the calculation of total amount of shares. Enter share amounts in millions ($3,000,000-$30 Round share amounts to the nearest whole number. 0 x million shares XS 0 1,789 milion b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places. $11.74 c. At what average cost was the Merck treasury stock as of December 31, 201471 confirm your identity RSS SET BusinessCourse Chapter 11 Homework Return to course b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places. $11.74 c. At what average cost was the Merck treasury stock as of December 31, 2014? Round answer to two decimal places. $48.41 x E Support Maddie McCracken @gaz 3:28PM confirm your identity d. How many common shares are outstanding as of December 31, 2014? Enter full number do not convert to millions or round answer, 2,781,128,073 Check x shares i you acted with Chegg services Please don Partially correct Macks for this submission 1.67/10.00