Paid-in capital Lachlin Corporation Balance Sheet (partial) Stockholders' equity (December 31, X1) Common stock, par value, 10,000 shares authorized, 8,000 shares issued Additional paid-in capital (common stock) Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (1,000 common shares) Total stockholders' equity Answer the following questions: a. How many shares of common stock are outstanding? b. What is the par value of the common stock? c. What was the average issue price for the common stock? d. What was the average price that the treasury stock was repurchased at? 120,000 40,000 160,000 40,000 200,000 (30,000) 170,000