Problem #4 (8 points) Presented below is the stockholders' equity section of Ruple Corporation's balance sheet on December 31,2016 Stockholders' Equity Paid-In Capital Capital Stock Common Stock, $ par value, 300,000 shares authorized; 80,000 shares issued andoutstanding.$1,100,000 Additional Paid-In Capital 220,000 1,320,000 500,000 .. 1,820,000 ....(120,000) $1,700,000 In excess of par value. Total Paid in Capital Retained Earnings Total Paid-In Capital and Retained Earnings. Less: Treasury stock, 12,000 shares Total Stockholders' Equity Instructions Complete the following statements and show your computations a. The par value per share of common stock is b. The number of shares of common stock outstanding is c. The average sales price of the common stock when issued was $ d. The cost per share of the treasury stock was $ Page 8 of 10