Instructions Prepare the liabilities section of Hensley's balance sheet as at January 31, 2017. Chapter 11 Stock The following items were shown on the balance sheet of Martin Corporation on December 31,2017: Stockholders' Equity Paid-In Capital Capital Stock authorized: shares issued and Additional paid-in capital Common stock, $5 par value, 750,000 shares $3,000,000 outstanding 180,00 3,180,000 500.000 3,680,000 280,000 In excess of par value Total paid-in capital Total paid-in capital and retained earnings Total stockholders' equity Retained Earnings Less: Treasury stock (20,000 shares)... Instructions Complete the following statements and show your computations. (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was (c) The total sales price of the common stock when issued was $ (d) How much did the treasury stock cost per share? S (e) What was the average issue price of the common stock? S