Following is the stockholders' equity section of the 2020 balance sheet for Nodus Company: May 31, STOCKHOLDERS' EQUITY 2020 Common stock: $0.30 par value, authorized 600,000 shares: 150,000 shares outstanding $ 48,000 Additional paid-in capital 352,000 Retained earnings 53,000 Treasury stock: 10,000 shares (110.000) Total stockholders' equity $343,000 a. Compute the number of shares issued at May 31, 2020. Ans: 1 b. At what average cost were the treasury shares purchased? Ans