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December 31, 20x1: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $10 par value, 2,000,000 shares authorized; shares issued and outstanding $8,500,000 Additional paid-in capital
December 31, 20x1: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $10 par value, 2,000,000 shares authorized; shares issued and outstanding $8,500,000 Additional paid-in capital In excess of par value Total paid-in capital 980,0009,480,0001,500,00010,980,000680,000$10,300,000 Retained Earnings 1,500,000 Total paid-in capital and retained earnings 10,980,000 Less: Treasury stock (40,000 shares) 680,000 Total stockholders' equity $10,300,000 Instructions: Complete the following statements and show your computations. (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was (c) The total sales price of the common stock when issued was $ (d) How much did the treasury stock cost per share? \$. (e) What was the average issue price of the common stock? \$
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