The stockholders' equity of Super-Team Uniforms as of December 31, 2018 and 2017, follows:
Requirements and data sheet below :

1. What is the par value of the common stock?
2. How many shares of common stock were outstanding at the end of 2018?
3. As of December 31, 2018, what was the average price that stockholders paid for all common stock when issued?
4. What is the summary journal entry to record the change in common stock during the year.
5. What was the average price that stockholders paid for the common stock issued in 2018?
6. What was the average price paid by Super-Team Uniforms for the treasury stock at December 31, 2018?
7. What is the summary journal entry to record the change in treasury stock during the year.
8. Assuming net income for 2018 was $9,000,000, summary journal entry to record the dividends declared during 2018.

2018 2017 Common stock, 1,800,000 shares authorized, 900,000 and 700,000 shares issued, respectively 315,000 $ 245,000 Paid-in capital in excess of par 40,275,000 32,225,000 Paid-in capital-treasury stock transactions 55,000 50,000 Retained earnings 71,075,000 65,000,000 Treasury stock, at cost, 55,000nnd 60,000 shares, respectively (2,068,000) (2,256,000) Total stockholders' equity 2$ 109,652,000 $ 95,264,000