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Paid-in capital excess of par Number of Treasury shares Treasury stock amount Retained earnings BALANCES AT December 31, 2019 $ 0 (30,561 ) $ (524,321
Paid-in capital excess of par | Number of Treasury shares | Treasury stock amount | Retained earnings | ||||||||||||||||
BALANCES AT December 31, 2019 | $ | 0 | (30,561 | ) | $ | (524,321 | ) | $ | 1,673,382 | ||||||||||
Net earnings | - | - | - | 242,941 | |||||||||||||||
Sales of common stock under option plans | (5,181 | ) | 377 | 10,738 | - | ||||||||||||||
Cash dividends declared on common stock: $0.5375 per share | - | - | - | (68,952 | ) | ||||||||||||||
Compensation under employee incentive plans | (1,802 | ) | 395 | 9,408 | - | ||||||||||||||
Treasury shares exchanged for Acquisitions | 139,209 | 20,449 | 318,293 | - | |||||||||||||||
Purchase of shares for treasury | - | (6,668 | ) | (122,906 | ) | - | |||||||||||||
BALANCES AT December 31, 2020 | 132,226 | (16,008 | ) | (308,788 | ) | 1,847,371 | |||||||||||||
Net earnings | - | - | - | 81,965 | |||||||||||||||
Sales of common stock under option plans | (3,538 | ) | 279 | 7,095 | - | ||||||||||||||
Cash dividends declared on common stock: $0.5475 per share | - | - | - | (72,903 | ) | ||||||||||||||
Compensation under employee incentive plans | (196 | ) | 366 | 8,271 | - | ||||||||||||||
Purchase of shares for treasury | - | (2,933 | ) | (48,678 | ) | - | |||||||||||||
BALANCES AT December 31, 2021 | $ | 128,492 | (18,296 | ) | $ | (342,100 | ) | $ | 1,856,433 | ||||||||||
From the Statement of Cash Flows: Cash flows from financing activities:
2021 | 2020 | ||||
Dividends paid | $ | 72,244 | $ | 66,932 | |
1. What was the average cost per share of the treasury stock purchased by Composition during 2020 and 2021, respectively?(Round your final answers to 2 decimal places.)
2. What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?
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