The following correctly prepared entries without explanations pertain to Corners Corporation:

Account Title

Debit

Credit

1.

Cash

1,540,000

Common Stock

900,000

Paid-in Capital in Excess of Par Value

640,000

2.

Treasury Stock

31,200

Cash

31,200

3.

Cash

26,000

Treasury Stock

24,000

Paid-in Capital in Excess of Cost of Treasury Stock

2,000

The original sale (Entry 1) was for 440,000 shares, and the treasury stock was acquired for $6 per share (Entry 2).

Required

a.

What was the sales price per share of the original stock issue? (Round your answer to 2 decimal places) Sales price..(Per share) b. How many shares of stock did the corporation acquire in Entry 2? Corporation acquired.(shares of stock) c. How many shares were reissued in Entry 3? Shares reissued(shares) d. How many shares are outstanding immediately following Entries 2 and 3, respectively? Entry 2 Entry 3