Common stock without par value, 4,100,000 shares authorized, 890,000 shares issued, and 700,000 shares outstanding $ 2,600,000 Required: Calculate the average price at which the shares were issued. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. If a cash dividend of $0.20 per share were declared, calculate the total amount of cash that would be paid to stockholders. What accounts for the difference between issued shares and outstanding shares