Question 5 Partially correct Mark 5.00 out of 10.00 p Flag question Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the Merck & Co., Inc., balance sheet. Merck & Co., Inc. Stockholders' Equity ($ millions) Dec 31, 2014 Dec 31, 2013 Common stock, $0.50 par value Authorized-6,500,000,000 shares Issued- 3,312,587,054 shares in 2014 and 2013 $1,657 $1,657 Other pald-in capital 36,987 37,298 Retained earnings 46,021 39,257 Accumulated other comprehensive loss (4,323) (2,197) 80,342 76,015 Less treasury stock, at cost: 737,005,489 shares in 2014 and 649,576,808 shares in 2013 32,114 28,789 Total Merck & Co., Inc. stockholders' equity $48,228 $47,226 a. Explain the derivation of the $1,657 million in the common stock account. Complete the calculation of total amount of shares. Enter share amounts in millions ($3,000,000 = $3). Round share amounts to the nearest whole number. 3,313 million shares X $ 0.5 = 1,657 million b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places. $ 11.71 X b. Using December 31, 2014 balances, at what average issue price were the Merck common shares issued? Round answer to two decimal places. $ 11.71 C. At what average cost was the Merck treasury stock as of December 31, 2014? Round answer to two decimal places. $ 0 X d. How many common shares are outstanding as of December 31, 2014? Enter full number - do not convert to millions or round answer. 0 X shares Check