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The following information is provided for Company ($ millions). Retained earnings, beginning balance $2,520,000 Common stock, $__ par, 280,000 shares authorized, 140,000 shares issued 2,800,000

The following information is provided for Company ($ millions).

Retained earnings, beginning balance

$2,520,000

Common stock, $__ par, 280,000 shares authorized, 140,000 shares issued

2,800,000

Treasury stock, 2,800 shares

56,000

Paid-in capital in excess of par

1,120,000

Bonds payable

560,000

Net income for 2020 (not included in retained earnings above)

532,000

Dividends declared and paid during 2020 (not included in retained earnings above)

224,000

Determine the value of the following items:

  1. Total retained earnings at end of 2020
  2. Par value per share
  3. Number of shares outstanding
  4. Total stockholders equity
  5. Average original selling price per share
  6. Cost per share of treasury stock

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