Question Completion Status QUESTION 1 $ - Safari Fusion reported shareholders' equity as follows: Preferred stock, $10,00 par value Authorized 10,000 shares; issued-None Common stock, $1 par value Authorized 30,000 shares; issued 15,000 shares Capital in excess of par value Retained earnings Total paid in capital Less: Treasury stock, al cost (2,000 common shares) Total stockholders' equity 15,000 45,000 90,000 150,000 (16,000) $114,000 Requirements 1. What was the average issue price per share of the common stock? 2. Journalize the issuance of 1,000 shares of common stock at $4 per share. Use Safari's account titles 3. How many shares of Safari's common stock are outstanding? 4. How many shares of common stock would be outstanding after Safari split is common stock 3 for 17 5. Use Safari accountities, journalize the distribution of a 10% stock dividend when the market price of Safari common stock is $5 per share. Safari distributes the common stock dividend on the shares outstanding, which were computed in requirement 3. 6. Journalize the following treasury stock transactions, which occur in the order given a Safari purchases 500 shares of treasury stock at $8 per share. b. Safari sells 100 shares of treasury stock for $9 per share. c. Safari sells 200 shares of treasury stock for $6 per share. TTTT 3