Graded 11-1 Question 10 of 10 View Policies Show Attempt History Current Attempt in Progress Whispering Winds Corp. December 31, 2020 balance sheet showed the following: 4% preferred stock, $500 par value $481,000 Common stock, $1 par value 505,000 Paid-in capital in excess of par value-preferred stock 74,000 Paid-in capital in excess of par value-common stock 8,830,000 Retained earnings 10,720,000 Treasury stock 142.950 The average cost of the treasury shares was $15 per share. Answer the following questions: Your answer is correct. How many shares of common stock have been issued as of December 31, 2020? 0.33/1 E How many shares of common stock have been issued as of December 31, 2020? (b) 505000 shares of common stock have been issued as of December 31, 2020. eTextbook and Media Assistance Used Attempts: 2 of 8 used Your answer is incorrect What was the average per share price at which the common stock was issued? (Round answer to 0 decimal place, e.g. 15) The average issue price of the common shares was $ eTextbook and Media Save for Later 505000 Assistance Used Attempts: 2 of 8 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress Your answer is partially correct. Sage Hill Company prepared the tabulation below at December 31, 2022. Net Income $500,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $49.500 Increase in accounts receivable $57,500 Decrease in inventory $13,500 Increase in accounts payable $10,000 Increase in prepaid expenses $5,100 Decrease in income taxes payable $3,600 Gain on disposal of land $7,000 Net cash provided (used) by operating activities Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) SAGE HILL COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Net Income/(Loss) Adjustments to reconcile net income to 500000 eg.-15,000 or in parenthesis e.g. (15,000).) SAGE HILL COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2022 Net Income/(Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 500000 49500 Increase in Accounts Receivable -57500) Decrease in Inventory 13500 Increase in Accounts Payable 10000 Increase in Prepaid Expenses 3100 Decrease in Income Taxes Payable 13600 Gain on Disposal of Land 70000 Net Cash Provided by Operating Activities 436800 eTextbook and Media Save for Later Attempts: 2 of 8 used Submit