Data Table 2018 2017 1,402,500 $ 715,000 90,907,500 35,220,000 Common stock, 5,100,000 shares authorized, 2,550,000 and 1,300,000 shares issued, respectively Paid-in capital in excess of par Paid-in capitaltreasury stock transactions Retained earnings Treasury stock, at cost, 30,000 and 60,000 shares, respectively 54,000 48,000 47,950,000 40,000,000 (1,128,000) (2,256,000) $ 139,186,000 $ 73,727,000 Total stockholders' equity Print Done The stockholders' equity of Go-Team Uniforms as of December 31, 2018 and 2017, follows: Click the icon to view the stockholders' equity.) Read the requirements Requirement 1. What is the par value of the common stock? (Enter your answer to the nearest cent.) ( The par value of the common stock is $ per share Requirement 2. How many shares of common stock were outstanding at the end of 2018? shares of common stock were outstanding at the end of 2018. Requirement 3. As of December 31, 2018, what was the average price that stockholders paid for all common stock when issued? (Enter your answer to the nearest cent.) The average price that stockholders paid for all common stock when issued was $ per share. Requirement 4. Prepare a summary journal entry to record the change in common stock during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 5. What was the average price that stockholders paid for the common stock issued in 2018? (Enter your answer to the nearest cent.) The average price that stockholders paid for the common stock issued in 2018 was $ per share. Requirement 6. What was the average price paid by Go-Team Uniforms for the treasury stock at December 31, 2018? (Enter your answer to the nearest cent.) The average price by Go-Team for the treasury stock was $ per share. Requirement 7. Prepare a summary journal entry to record the change in treasury stock during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit 11 Requirement 7. Prepare a summary journal entry to record the change in treasury stock during the year. (Record debits first, then credits. Exclude explanations from any journal entries.) ) Journal Entry Date Accounts Debit Credit Requirement journal entries.) Assuming net income for 2018 was $10,500,000, prepare a summary journal entry to record the dividends declared during 2018. (Record debits first, then credits. Exclude explanations from any Journal Entry Accounts Date Debit Credit
