Exercise 15-10

For a recent 2-year period, the balance sheet of Splish Company showed the following stockholders' equity data at December 31 (in millions).

Please let me know how you arrived at the answer. Thanks.

Exercise 15-10 For a recent 2-year period, the balance sheet of Splish Company showed the following stockholders' equity data at December 31 (in millions). 2017 Additional paid-in capital 2016 $ 900 $ 810 663 654 Retained earnings 7,200 5,310 Treasury stock 1,764 896 $6,999 $5,878 Common stock shares issued 221 218 Common stock shares authorized 500 500 36 28 Common stock Total stockholders' equity Treasury stock shares (a) Answer the following questions. (1) What is the par value of the common stock? (Round par value to 2 decimal places, e.g. $3.15.) $ Par value of common stock (2) What is the cost per share of treasury stock at December 31, 2017, and at December 31, 2016? December 31, 2017 December 31, 2016 Cost per share of Treasury stock $ $ (b) Prepare the stockholders' equity section at December 31, 2017. (Enter account name only and do not provide descriptive information.) Splish Company Balance Sheet (in millions of dollars) (Partial) $ : $