C. on state law Outstanding shares d. Outstanding shares e. None of the above ding shares Issued or outstanding shares depending on state law Outstanding shares Issued or outstanding shares depending on state law Stock splits are based on- Outstanding shares Issued or outstanding shares depending on state law Outstanding shares Issued shares 4. In its December 31, YR09 annual report Sony Inc. disclosed the following information regarding equity balances. All accounts have their 'normal' balance. Description 6% Cumulative (non-participating), Preferred stock $5 par Additional Paid-In Capital - Preferred stock Common stock, $1 par Additional Paid-In Capital - Common stock Paid-In Capital - Expired Warrants Retained Earnings Treasury stock (50 shares of common stock at cost) Amount $100 20 300 50 5 40 60 Other information: In May of YR09 the company purchased, as treasury stock, 50 common shares for $60. Preferred dividends were last declared and paid in YR07. The market price of the common stock was $2 at December 31, YR09. At December 31, YR09 the preferred stock was selling for $6 per share and the stock indenture agreement indicates the preferred stock has a liquidation value of $7 per share. The Common Stock book value per share at December 31, YR09 is (round to nearest penny): $1.17 b. $1.21 G. $1.56 d. $2.30 e. None of the above 50 3