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The following data has been collected about a company's stockholders' equity accounts Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2,000

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The following data has been collected about a company's stockholders' equity accounts Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2,000 shares in treasury $150,000 Paid-in-capital in excess of par value, common 60,000 stock Retained earnings Treasury stock 35,000 25,000 The treasury shares were all purchased at the same price. The cost per share of the treasury stock is Mutiple Choice $1.67

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