Please refer to the equity section of the balance sheet shown as follows:

Preferred stock	$100 par, 10,000 shares authorized, 1,000 shares issued	$100,000
Common stock	$1 par, 500,000 shares authorized, ? shares issued	20,000
Paid-in capital in excess of par -common stock		350,000
Retained earnings		(74,000)
Total stockholders' equity		$396,000

3) The amount shown for Retained earnings would be called a(n):

1. net loss.
2. earnings shortfall.
3. retained earnings deficit.
4. loss on sale of stock.

4. Based on the info above, determine the number of common stock issued.

5. Based on the info above determine the issue/market price for the common stock.