Christy Company reported the folowing stockolderyqty ems for 0 Preferred stock, $s0 par, authorised 2,00 shares issued s00 shares 525,000 Common stock, 51 par, authorised 300,000 shares issued 30,000 shares Paid-in capital in excess of par, common Retained earnings 0.000 240,000 82.000 Less treasury stock, at cost, 3,000 shares of common 36000) Total Stockholders' Equity 1. How many shares of common stock are outstanding? a 3,000 b. 30,000. C. 70,000 d. 27,000 2. What was the average issue price per share of the preferred stock? a. $50.00. b. $17.50 , $70.00. d. $12.50 3. Has Christy Company been profitable in the past? - a. Yes b. No. C. You cannot tell from the information provided. If Christy Company sold 1,000 shares of the treasury stock for $15, which of the recorded? 4. a. A gain of $3,000 b. Additional paid-in-capital from treasury stock transactions of $3,000 c. A reduction of treasury stock for $15,000. d. Additional paid-in-capital from treasury stock transactions of $14,000 5. The outstanding stock is composed of 10,000 shares of $100 par, cumulative p and 50,000 shares of $3 par value common stock. Preferred dividends have b 250,000 is to be distributed as a dividend for the current year, what total am distributed to the common stockholders? a. $250,000 b. $200,000 c. $50,000 d. $150,000 CHAT