Flanagan Corporation is authorized to issue 1,000 shares of 8% preferred stock at a par value of $20 per share and 50,000 shares of common stock with a par value of $2 per share. Flanagan Corporation issued 290 shares of preferred stock at $23 per share and 27,700 shares of common stock for $2.4 per share.

How much did Flannagan Corporation raise through their stock issuance?

- Select your answer -$62070$61200$67350$73150

What does the balance sheet look like after the stock is issued?

Fill in the partial balance sheet:

Flannagan Corporation Balance Sheet (Partial) December 31, 2013
Stockholders equity:
Preferred 8% stock, $20 par, 1,000 shares authorized shares issued and outstanding		$
Common stock, $2 par, 50,000 shares authorized, shares issued and outstanding
Additional paid-in capital:
Preferred stock	$
Common stock
Total capital stock		$

Flannagan Corp. repurchased 4,900 shares of common stock for $2.20 per share. What amount is paid to common shareholders?

- Select your answer -$9800$10780$11760$10780??