The following items were shown on the balance sheet of Martell Corporation on 12/31/2020:

Stockholders Equity

Paid-In Capital

Capital Stock:

Common stock, $10 par value, 1,000,000 shares authorized;( ____?_____) shares issued and (_____?____) outstanding .......................... $5,000,000

Additional paid-in capital:

In excess of par value ............................................................................................................................................................................................................................................ 2,500,000

Total paid-in capital .................................................................................................................................................................................................................................................... 7,500,000

Retained Earnings .............................................................................................................................................................................................................................................................. 500,000

Total paid-in capital and retained earnings .................................................................................................................................................................................................. 8,000,000

Less: Treasury stock (50,000 shares) ........................................................................................................................................................................................................................ 1,000,000

Total stockholders equity ................................................................................................................................................................................................................................. $7,000,000

In addition to the blanks above, complete the following statements:

• The total sales price (cash received) for the common stock when issued was $ .
• How much did the treasury stock cost per share (use 2 decimal points)? $
• What was the average issue price of the common stock (use 2 decimal points)? $