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Common stock, $1 par value, 200,000 shares authorized, ____________shares issued, _____________shares outstanding $ 5 0,000 Additional paid in capital 7 5,000 Retained earnings 8 5,000

Common stock, $1 par value, 200,000 shares authorized, ____________shares issued, _____________shares outstanding $ 5 0,000 Additional paid in capital 7 5,000 Retained earnings 8 5,000 Treasury stock (15,000 shares) (22,500) 187,500 How many shares were issued? How many shares are outstanding? What was the total sales price of the common stock when issued

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