The following items were shown on the balance sheet of Martin Corporation on December 31, 2017:

Stockholders Equity

Paid-In Capital

Capital Stock

Common stock, $5 par value, 750,000 shares

authorized; ______ shares issued and ______ outstanding $3,000,000

Additional paid-in capital

In excess of par value 180,000

Total paid in capital 3,180,000

Retained Earnings 500,000

Total paid-in capital and retained earnings 3,680,000

Less: Treasury stock (20,000 shares) 280,000

Total stockholders equity $3,400,000 Complete the following statements.

(a) The number of shares of common stock issued was shares

(b) The number of shares of common stock outstanding was shares

(c) The total sales price of the common stock when issued was $

(d) How much did the treasury stock cost per share? $ per share

(e) What was the average issue price of the common stock? (Round to 2 decimal places, e.g. 5.25) $ per share