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Consider the following equity section of a balance sheet for a corporation. How many shares of common stock are in the treasury? What did the

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Consider the following equity section of a balance sheet for a corporation. How many shares of common stock are in the treasury? What did the corporation pay for the treasury stock? $924000 Common stock, 800000 shares authorized, 77000 shares issued, 73150 shares outstanding, $12 par value. Contributed capital in excess of par value, Common Stock $6468000 Retained Earnings $79000 Treasury Stock $(92400) Total Stockholders Equity $7378600

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