The balance sheet caption for common stock is the following: Common stock without par value, 3,100,000 shares authorized, 790,000 shares issued, and 710,000 shares outstanding Required: a. Calculate the average price at which the shares were issued. $ 4,000,000 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 $0.11 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? Required A Required B Required C Required D Calculate the average price at which the shares were issued. Note: Round your answer to 2 decimal places. Average issue price per share < Required A Required B > The balance sheet caption for common stock is the following: Common stock without par value, 3,100,000 shares authorized, 790,000 shares issued, and 710,000 shares outstanding Required: a. Calculate the average price at which the shares were issued. $ 4,000,000 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 $0.11 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? Required A Required B Required C Required D If these shares had been assigned a stated value of $1 each, show how the caption here would be different. Common stock at stated value of $1 per share; 3,100,000 shares authorized, 790,000 issued and 710,000 shares outstanding Additional paid in capital Total paid in capital < Required A Required C > Required A Required B Required C Required D If a cash dividend of $0.11 per share were declared, calculate the total amount of cash that would be paid to stockholders. Total cash dividend < Required B Required D > Required A Required B Required C Required D What accounts for the difference between issued shares and outstanding shares? Difference between issued shares and outstanding shares < Required C Required D >