The balance sheet caption for common stock is the following:

Common stock without par value, 4,600,000 shares authorized, 830,000 shares issued, and 690,000 shares outstanding	$	3,500,000

Required:

a. Calculate the average price at which the shares were issued. (Round your answer to 2 decimal places.)

b. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.

c. If a cash dividend of $0.18 per share were declared, calculate the total amount of cash that would be paid to stockholders.

d. What accounts for the difference between issued shares and outstanding shares?

	Treasury stock
	Dividend