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Contributed capital Preferred stock (par $20; authorized 10,000 shares. ? issued, of which 500 shares are held as treasury stock) $100,000 Common stock (no-par; authorized
Contributed capital Preferred stock (par $20; authorized 10,000 shares. ? issued, of which 500 shares are held as treasury stock) $100,000 Common stock (no-par; authorized 20,000 shares, issued and outstanding 8,000 shares) 600,000 Contributed capital (includeds $1,500 from treasury stock transactions) 16,500 Retained earnings 34,000 Cost of treasury stock, preferred (9,000) Required: 1. The number of shares of preferred stock issue was? 2.The number of shares of preferred stock outstanding was? 3. The avg sale price of the preferred stock when issued was ? per share 4.Have the treasury stock transactions (a) increased corporate resources or (b) decreased resources? By how much? 5. The treasury stock transactions increased (decreased) stockholders equity by? 6. How much did the treasury stock held cost per share? 7. Total stockholders equity is? 8. The avearage issue price of the common stock was? **I know this is a lot, but I have no ideas how to find out these answers. An explaination of how each number is found would be a great help! I am so lost
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