Review the following schedule of Shareholders Equity.

Common Stock, 1. ??? par value per share 20,000 shares authorized, 5,000 shares issued, 2. ??? shares outstanding

$20,000

Paid in excess, Common Stock

$200,000

Retained Earnings

$681,700

Treasury Stock, 400 shares

$(4,800)

1. What is the par value per share for common stock?

2. How many shares of common stock are outstanding at the date the section above appeared on a balance sheet?

3. How much, in total, have the common shareholders contributed to the corporation?

4. What was the average issue price per share of common stock?