Subjective Short 30. Torre Company has the following stockholders' equity account balances in stockholders' equity on December 31. Common Stock, $5 par 60,000 shares issued) $300,000 Paid-In Capital in Excess of Par-Common Stock 600,000 Preferred Stock, $100 par (5,000 shares issued) 500,000 Paid-In Capital in Excess of Par-Preferred Stock 100,000 Retained Earnings 200,000 Treasury Stock (cost, $12 per share) 60,000 (a) How many shares of treasury stock are owned? (b) What was the average market price per share at which common stock was issued? (c) What was the average market price per share at which preferred stock was issued? (d) What is the total value of the paid-in capital portion of stockholders' equity? (e) What is the total value of stockholders' equity? (1) How many shares of common stock are outstanding? If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what was the beginning value of retained earnings? How much is earnings per share for the year