The balance sheet caption for common stock is the following:

Common stock without par value, 3,300,000 shares authorized, 830,000 shares issued, and 670,000 shares outstanding	$	3,700,000

Required:

1. Calculate the average price at which the shares were issued.
2. If these shares had been assigned a stated value of $1 each, show how the caption here would be different.
3. If a cash dividend of $0.19 per share were declared, calculate the total amount of cash that would be paid to stockholders.
4. 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; 7,500,000 shares authorized, 3,000,000 issued and 2,700,000 shares outstanding
Additional paid in capital
Total paid in capital	$0

I only need B. I don't understand why they changed the number of shares from the original problem or what to do.