Preferred stock, 120 shares authorized, 60 shares issued and outstanding $120

Paid-in-capital in excess of par on preferred stock 180

Common stock, $1 par, 500 shares authorized 100

Paid-in-capital in excess of par on common stock 350

Retained earnings 630

Treasury stock, 20 common shares (140)

Required: Fill in the blanks:

Total contributed capital is: $120+180+100+350= 750

Total stockholders equity is: $750+630-140=1240

The par value of preferred stock is: $120/60=2

The average selling price per share of preferred stock was: $(120+180)/60=5

The number of common shares issued is: 100/1=100

The number of common shares outstanding is: 100-20= 80

The average selling price per share of common stock was: $(100+350)/100=4.5

Redlands paid a $.10 per share dividend at the end of 2015

on common stock. The total $ amount of the dividend was: $80*0.10=8

The purchase price per share of treasury stock was: $140/20=7