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The butance sheet caption for common stock is the following: Councan atoek withuse par vatue. 3,700,000 wharan authorikas, 910,000 sharea o 3,700,000 inmued, and yoo,
The butance sheet caption for common stock is the following: Councan atoek withuse par vatue. 3,700,000 wharan authorikas, 910,000 sharea o 3,700,000 inmued, and yoo, ooo ahatein outatianding Requirend: a. Cafculate the average price at which the shares were issued. 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 $0.19 per share were declared, calculate the total amount of cash that would be paid to stockholdors d. What accounts for the difference botween issued shares and outstanding shares? Calculate the average price at which the shares were issued. Note: Round your answer to 2 decimal places
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