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Comparative stockholders equity sections from two successive years of balance sheets from Smiley, Inc., are as follows: Dec. 3 1 , Current Year Dec. 3

Comparative stockholders equity sections from two successive years of balance sheets from Smiley, Inc., are as follows:
Dec. 31, Current Year Dec. 31, Prior Year Contributed Capital 8% preferred stock, $50 par value, authorized 20,000 shares; issued and outstanding, prior year: 8,000 shares; current year: 12,000 shares $600,000 $400,000 Common stock, no-par value, $20 stated value, authorized 80,000 shares Issued, prior year: 32,000 shares; current year: 40,000 shares 800,000640,000 Additional Paid-in Capital In excess of par valuePreferred stock 224,000144,000 In excess of stated valueCommon stock 232,000160,000 From treasury stock 21,000- Retained earnings 300,000229,0002,177,0001,573,000 Less: Treasury stock (prior year: 7,000 shares common) at cost -196,000 Total Stockholders Equity $2,177,000 $1,377,000
No dividends were declared or paid during the current year. No treasury shares were acquired during the year.
Use the information presented above to complete the following statements.
Enter 0 or leave the field blank if the activity did not occur during the year. Round all per share amounts to two decimals
a. The company issued Answer
preferred shares at $Answer
per share.
b. The company purchased Answer
preferred shares at $Answer
per share.
c. The company issued Answer
common shares at $Answer
per share.
d. The company purchased Answer
common shares at $Answer
per share.
e. The company sold Answer
treasury shares for $Answer
per share.
f. The company earned a profit of $Answer
during the year.

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