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Divine Solutions, Inc. Stockholder's Equity December 31, 2020 Contributed Capital Preferred Stock, $100 Par Value Paid in Capital, Preferred Stock Common Stock, $2 Par Value

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Divine Solutions, Inc. Stockholder's Equity December 31, 2020 Contributed Capital Preferred Stock, $100 Par Value Paid in Capital, Preferred Stock Common Stock, $2 Par Value Paid in Capital, Common Stock Total Contributed Capital Retained Earnings Total Contributed Capital and Retained Earnings Less: Treasury stock, Common Stock (each costing $ 15) Total Stockholder's Equity at 12/31/20 $ 100,000 20,000 200,000 50,000 $ 370,000 160,000 $ 530,000 (30,000) $ 500,000 Required: Using the information above to answer the following question posed by the CFO: a) Determine the number of preferred shares issued. b) Assuming all preferred stock was issued at the same time, determine the issue price of each share. c) Determine the common stock issued. d) Determine the number of outstanding common shares. e) Determine the number of common shares held in treasury

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