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The following items were shown on the balance sheet of Weslyn Corporation on December 31, 2015: Stockholders Equity Paid-in capital Capital Stock Common Stock. $10

The following items were shown on the balance sheet of Weslyn Corporation on December 31, 2015:

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 and show computations.

The number of shares of common stock issued was _____________

The number of shares of common stock outstanding was _________

The sales price of the common stock when issued was $__________

The cost per share of the treasury stock was $______________

The average issue price of the common stock was $___________

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

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