The following items were shown on the balance sheet of Easton Corporation on December 31, 2018:

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...................................................................................750,000Total paid-in capital and retained earnings......................................................... 2,765,000

Less: Treasury stock (18,000 shares)............................................................................... 270,000 Total stockholders equity................................................................................ $2,495,000 Instructions:

Complete the following statements and show your computations.

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

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

c) The common stock was issued for a total of $_______

d) The cost per share of the treasury stock was $_______

e) The average issue price of the common stock was $_______

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