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The following items were shown on the balance sheet of Easton Corporation on December 31, 2021: Stockholders Equity Paid-In Capital Capital Stock Common stock, $10

The following items were shown on the balance sheet of Easton Corporation on December 31, 2021:

Stockholders Equity

Paid-In Capital

Capital Stock

Common stock, $10 par value, 400,000 shares authorized; ______ shares issued and ______ outstanding

$1,850,000

Additional paid-in capital

In excess of par

165,000

Total paid in capital

2,015,000

Retained Earnings

750,000

Total paid-in capital and retained earnings

2,765,000

Less: Treasury stock (18,000 shares)

270,000

Total stockholders equity

$2,495,000

Complete the following statements.

(a)

The number of shares of common stock issued was

enter a number of shares of common stock issued

shares

(b)

The number of shares of common stock outstanding was

enter a number of shares of common stock outstanding

shares

(c)

The common stock was issued for a total of

$enter a total amount for common stock issued

(d)

The cost per share of the treasury stock was

$enter cost per share of the treasury stock in dollars

per share

(e)

The average issue price of the common stock was (Round to 2 decimal places, e.g. 5.25)

$enter average issue price of the common stock in dollars per share rounded to 2 decimal places

per share

(f)

Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be

$enter balance in the treasury stock in dollars

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