QUESTION 14 Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 89, 550 par value, 100,000 shares authorized, 15,000 shares issued and outstanding....... $ 750,000 Common stock, 55 par value 600,000 shares authorized, _???? shares issued and _???? shares outstanding...$2,700,000 Additional paid-in-capital in excess of par-Common... ..$1,000,000 Retained Earnings. $ 500,000 Treasury Stock.(25,000shares)........5.200,000 Compute the average sales price per share of the common stock when it was issued: (Round to nearest penny if necessary) A. $4.50 B. $5. C. $6.85 D. $6.17 QUESTION 15 Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 8%, 550 par value, 100,000 shares authorized, 15,000 shares issued and outstanding .... $750,000 Common stock, 55 par value 600,000 shares authorized, _???? shares issued and ___???? shares outstanding.......$2,700,000 Additional paid-in-capital in excess of par-Common... ..$1,000,000 Retained Earnings ........ $ 500,000 Treasury Stock.(25,000shares)... ..$.200,000 Compute the total Paid-In-Capital: A. 54,450,000 B. $4,950,000 C. 55,150,000 D. $4,750,000 QUESTION 16 $2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following: Preferred stock, 896, $50 par value, 100,000 shares authorized, 15,000 shares issued and outstanding 750, Common stock, $5 par value 600,000 shares authorized, _???? shares issued and ___???? shares outstanding..... Additional paid-in-capital in excess of par-Common. ..$1,000,000 Retained Earnings ...... $ 500,000 Treasury Stock (25,000shares).........5.200,000 Compute total stockholder's equity: OA. $4,750,000 B. 55,150,000. C. $4,950,000 D. 54,450,000