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

2020

2019

Additional paid-in capital

$ 970 $ 831

Common stock

550 545

Retained earnings

7,160 5,290

Treasury stock

1,739 868

Total stockholders' equity

$6,941 $5,798

Common stock shares issued

220 218

Common stock shares authorized

500 500

Treasury stock shares

37 28

(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 $enter the par value of the common stock rounded to 2 decimal places

(2) What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?

December 31, 2020

December 31, 2019

Cost per share of Treasury stock

$enter a dollar amount

$enter a dollar amount

(b) Prepare the stockholders' equity section at December 31, 2020. (Enter account name only and do not provide descriptive information.)

Concord Company

Balance Sheet (in millions of dollars) (Partial)

select an opening name for the section

select an opening name for subsection one

enter a balance sheet item

$enter a dollar amount

select a balance sheet item

enter a dollar amount

select a summarizing line for the first part of subsection one

enter a total of the two previous amounts

enter a balance sheet item

enter a dollar amount

select a closing name for subsection one

enter a total amount for subsection one

select between addition and deduction

: enter a balance sheet item

enter a dollar amount

select a closing name for this section

$enter a total amount for the section