HW Problem 11.1 - Kermit Company's common stock is currently selling for $50 per share on the New York Stock Exchange, and its stockholder's equity on 12/31/1X includes the following. Common Stock - $_par value, 200,000 shares authorized, 80,000 issued and 60,000 outstanding ........ Paid in Capital in Excess of Par - Common ....... Preferred Stock-8% non-cumulative, $ par value, 40,000 shares authorized, 5,000 issued and outstanding Retained Earnings . $160,000 ... $800,000 .$100,000 $440,000 $1,500,000 . ($140.000) . $1,360,000 Less Treasury Stock Total Shareholder's Equity...... a. What is the par value of Kermit Company's common stock? b. What is the par value of Kermit Company's preferred stock? c. How many shares of treasury stock does Kermit hold? d. If Kermit's treasury stock was acquired in a single transaction a few years back, what was the market value per share at that time