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The market price of of common shares at the time of issuance was $20.00, while the market price of preferred shares at the time of
The market price of of common shares at the time of issuance was $20.00, while the market price of preferred shares at the time of Issuance was $29.50. The company paid $14.50 per share for its treasury shares. Required: Determine the missing amount in the Shareholders equity section of the balance sheet set forth below. (Input all amounts as positive values.) Shareholders'Equity Preferred Shares, 52 par value, authorized 1,000,000 shares, issued 700,000 shares Additional Paid-In Capital Common Shares, 54 par value, authorized 40,000,000 shares, issued 19,500,000 shares Additional Paid In Capital Total Contributed Capital Retained Earnings Treasury Shares, at Com (10,000 shares) Total Shareholders' Equity 0 207583,000 $ 207583.000
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