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Problem 5. The following items were shown on the balance sheet of Bender Corporation on December 31: Stockholders' Equity Paid-In Capital Capital Stock Common stock,

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Problem 5. The following items were shown on the balance sheet of Bender Corporation on December 31: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par, 500,000 shares authorized; shares issued, & outstanding $1,300,000 Additional paid-in capital in excess of par value Total paid in capital 120,000 1,420,000 Retained Earnings 500,000 Total paid-in capital and retained earnings Less: Treasury stock (15,000 shares) Total stockholders' equity 1,920,000 (225.000) $1,695,000 Instructions: Complete the following statements and show your computations. (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was (c) The total sales price of the common stock when issued was $ (d) How much did the treasury stock cost per share? S (e) What was the average issue price of the common stock? $

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