Question 7 of 12 Paid-in capital Preferred stock, cumulative, 22,500 shares authorized, 18,500 shares issued and outstanding Common stock, $3 par, 770,000 shares authorized, 525,000 shares issued Paid-in capital in excess of par - common Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (24,500 common shares) Total stockholders' equity $1,850,000 1,575,000 210,000 3,635,000 1,883,000 5,518,000 134,750 $5,383,250 From a review of the stockholders' equity section, as chief accountant, answer the following questions. (a) Your answer is correct. How many shares of common stock are outstanding? Common stock outstanding 500,500 shares eTextbook and Media t of Accounts Your answer is incorrect. Attempts: 2 of 3 used At what average price per share was the common stock issued? (Round answer to 2 decimal places, e.g. 12.75.) Average price $ eTextbook and Media per share List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part bove. SUPPORT