The following items were shown on the statement of financial position of Lucy Corporation on December 31, 2020:

Equity

Share CapitalOrdinary, $5 par value, 360,000 shares

authorized; ______ shares issued and ______ outstanding................................ $1,550,000

Share PremiumOrdinary...................................................................................... 165,000

Retained Earnings................................................................................................. 750,000

Less: Treasury Shares (18,000 shares).............................................................. (180,000)

Total Equity............................................................................................... $2,285,000

Required

Complete the following statements and show your computations.

(a) The number of ordinary shares issued was ______________.

(b) The number of ordinary shares outstanding was ___________.

(c) The cost per treasury share was $_______________.

(d) Assuming that 10% of the treasury shares is sold at $8 per share, the balance in the Treasury Shares account would be $______________.

(e) Assuming that 10% of the treasury shares is sold at $8 per share, The amount of retained earnings that is available for dividends would be $___________.