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E11-7 Finding Amounts Missing from the Stockholders' Equity Section (LO 11-2, LO 11-4) The stockholders' equity section on the December 31 balance sheet of Chemfast
E11-7 Finding Amounts Missing from the Stockholders' Equity Section (LO 11-2, LO 11-4) The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amo $ 94,000 11,750 Contributed Capital Preferred Stock (par $20; authorized 10,800 shares, 7 issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-pari authorized 20,000 shares, issued and outstanding 5,500 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 522,500 25,000 (9,250) Assume that no shares of treasury stock have been sold in the past. Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal place per share 1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is or share
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