Packet Exercise 11.3 (Stockholders' Equity) Use the information below to answer the questions. Steelers Inc. Statement of Stockholders' Equity 12/31/2020 Common Stock (9.50 par) $450,000 Additional Paid-in Retained Capital Earnings $750,000 $900,000 (45,000) Beg Balance 1/5 Cash Dividends 3/7 Treasury Stock Purchase 4/30 New Stock Issue 6/15 Reissue Treasury Stock 12/31 Net Income Ending Balance Total Treasury Stockholders' Stock Equity $0 $2,100,000 (45,000) (50,750) (50,750) 137.000 17,400 16,560 195,000 $(33,350) $2.352.810 50,000 87,000 (840) 195,000 $836,160 $1,005,000 $500,000 The Common Stock has a par value of $0.50 per share. The Treasury Stock purchase on 3/7 consisted of purchasing 35,000 shares at the market price. On 6/15, a portion of the Treasury shares were re-issued to acquire additional capital. 1. How many shares of Common Stock were outstanding as of the beginning of the year? 2. What was the amount of the cash dividend per share paid on 1/5/2020? Would the per share amount be different if the dividend had been paid later in the year? 3. How many shares of Common Stock were outstanding as of 3/8/2020? 4. What was the market price per share of the Common Stock on 4/30