The stockholders' equity section of Creighton Company's balance sheet is shown as follows: $ 500 1.000 CESGHTON COMASTY As of December 31 Yara Stokholders' cgaity Prelaxed stock. $10 stated valus, 79 care 200 shares authorised 50 ud and outstanding Commom to $10 par value, 350 the authorized 100 issued and outstanding Comon stock, bla , $20 par value, 400 shares authorised 150 issued and outstanding Como bolno pr. 150 res authorised, 100 sswand and outstanding Paid in capital in croes of stated value pretend Pasd-in capital in o pat value-common Daid-in capital in so ga value-elem inted warnings Total stockholders any 3.000 2,200 600 1.200 730 7.000 Required 2. Assuming the preferred stock was onginally issued for cash, determine the amount of cash collected when the stock was issued b. Based on the class B common stock alone, determine the amount of the company's legal capital c. Based on the class B common stock alone, determine the minimum amount of assets that must be retained in the company as protection for creditors d. Determine the number of shares of class B common stock that are available to sell as of December 31, Year 3 e. Assuming Creighton purchases treasury stock consisting of 25 shares of its no par common stock on January 1, Year 4. determine the amount of the no par common stock that would be outstanding Immediately after the purchase 1-2 Based on the stockholders' equity section shown earlier, can you determine the market value of the preferred stock? -2. If yes, what is the market value of one share of this stock? Cash colleded on issue b. Company's legal capital Amount of assets to be retained shores shares d Class B common stock available to sell e Number of Shares of stock outstanding $1. Market value can be determined by analyzing the stockholders' equity section 1-2: Market value of one share of the stock The stockholders' equity section of Creighton Company's balance sheet is shown as follows: $ 500 1.000 CESGHTON COMASTY As of December 31 Yara Stokholders' cgaity Prelaxed stock. $10 stated valus, 79 care 200 shares authorised 50 ud and outstanding Commom to $10 par value, 350 the authorized 100 issued and outstanding Comon stock, bla , $20 par value, 400 shares authorised 150 issued and outstanding Como bolno pr. 150 res authorised, 100 sswand and outstanding Paid in capital in croes of stated value pretend Pasd-in capital in o pat value-common Daid-in capital in so ga value-elem inted warnings Total stockholders any 3.000 2,200 600 1.200 730 7.000 Required 2. Assuming the preferred stock was onginally issued for cash, determine the amount of cash collected when the stock was issued b. Based on the class B common stock alone, determine the amount of the company's legal capital c. Based on the class B common stock alone, determine the minimum amount of assets that must be retained in the company as protection for creditors d. Determine the number of shares of class B common stock that are available to sell as of December 31, Year 3 e. Assuming Creighton purchases treasury stock consisting of 25 shares of its no par common stock on January 1, Year 4. determine the amount of the no par common stock that would be outstanding Immediately after the purchase 1-2 Based on the stockholders' equity section shown earlier, can you determine the market value of the preferred stock? -2. If yes, what is the market value of one share of this stock? Cash colleded on issue b. Company's legal capital Amount of assets to be retained shores shares d Class B common stock available to sell e Number of Shares of stock outstanding $1. Market value can be determined by analyzing the stockholders' equity section 1-2: Market value of one share of the stock