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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
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 |
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.
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