exercise 3-1 redlands

Redlands, Inc. presents the following components of shareholders' equity on the balance sheet at December 31, 2015: Preferred stock, 120 shares authorized, 60 shares issued and outstanding $120 Paid-in-capital in excess of par on preferred stock 180 Common stock, $ 1 par, 500 shares authorized 100 Paid-in-capital in excess of par on common stock 350 Retained earnings 630 Treasury stock, 20 common shares (140) Required: Fill in the blanks: a. Total contributed capital is: $___. b. Total stockholders' equity is: $___. c. The par value of preferred stock is: $___. d. The average selling price per share of preferred stock was: $___. e. The number of common shares issued is: $___. f. The number of common shares outstanding is: $____. g. The average selling price per share of common stock was: $___