Stock Issuance and Treasury Stock Century, Inc. recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $20 cash per share. (2) purchased treasury shares at $25 per share, and (3) sold some of the treasury shares: 1 Cash 500,000 Common stock 75,000 Paid-in capital in excess of par value 25,000 2 Treasury stock 100,000 Cash 100,000 3 Cash 81,000 Treasury stock Paid-in capital from treasury stock 75,000 6,000 a. How many shares were originally issued? shares b. What was the par value of the shares issued? 5 0 per share shares of treasury stock were acquired