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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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