Preferred Stock $($par $$20$; authorized $10,000$ shares, $?$ issued, of which $1,000$

shares are held as treasury stock$)$

Additional Paid$-$In Capital, Preferred

$$112,000$

Common Stock $($no$-$par; authorized $20,000$ shares, issued and outstanding $6,4\mathrm{.}00$

shares $)$

Retained Earnings

$16,520$

$665,600$

$34,000$

$(9,700)$

Assume that no shares of treasury stock have been sold in the past.

Required:

Complete the following statements. $($Decreases should be indicated by a minus sign. Round per share to $2$ decimal places

Answer is complete but not entirely correct.

$\backslash$table$[[1.$ The number of shares of preferred stock issued was,,$112,000,],[2.$ The number of shares of preferred stock outstanding was,,$4,600,],[3.$ The average issue price of the preferred stock was,$$,27\mathrm{.}94,\backslash$table$[[$per$],[$share$]]],[4.$ The average issue price of the common stock was,$$,104,],[5.$ The treasury stock transaction increased $($decreased$)$ stockholders' equity by$,$$$,9,700,],[6.$ The treasury stock cost,$$,9\mathrm{.}70,\backslash$table$[[$per$],[$share$]]]]$

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$7.)$ Total stockholders equity is$.$