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Following is the stockholders equity section of JJ Construction, Inc. at December 31, 2018 Stockholders' Equity December 31, 2018 Common stock - $0.10 par value,

Following is the stockholders equity section of JJ Construction, Inc. at December 31, 2018

Stockholders' Equity

December 31, 2018

Common stock - $0.10 par value, authorized 500,000 shares

$ 25,000

Additional paid-in capital

525,500

Retained earnings

55,000

Treasury stock 5,000 shares

(50,000)

Total stockholders' equity

$555,500

  1. Compute the number of shares that have been issued.
  2. At what average issue price were the shares issued?
  3. At what average cost was the treasury stock purchased?

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