Example #3 The following incomplete information appeared in the stockholders' equity section of the balance sheet of the Jacksboro Corporation. Stockholders' equity Preferred stock, 8%, $100 par value, $10,000 shares authorized, Common stock, $? Par value, 600,000 shares authorized, Additional paid in capital $ 400,000 900,000 25,000 ?shares issued and outstanding 300,000 shares issued, shares outstanding Preferred stock Common stock 380,000 Total paid in (contributed) capital Retained earnings Less: Treasury stock, 20,000 common shares at cost Total stockholders' equity (50,000) $2,337,000 Required: Determine the following (a) the number of shares of preferred stock issued and outstanding (b) the par value per share of common stock (c) the number of shares of common stock outstanding (d) the average issue price per share of preferred stock (e) the average issue price per share of common stock total paid in (contributed) capital (g) the total amount of cash or other assets the company has received from the issue of stock (h) the balance in retained earnings (i) the cost per share of treasury stock