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The stockholders' equity section of Tamarisk, Inc.'s balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,000 shares authorized,
The stockholders' equity section of Tamarisk, Inc.'s balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,800 shares issued and outstanding Common stock, no par, 870,000 shares authorized, 530,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,000 common shares) Total stockholders' equity Tamarisk, Inc. Balance Sheet(Partial) From a review of the stockholders' equity section, answer the following questions. (a) (b) (c) How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? $ $ $480,000 2,650,000 3,130,000 1,858,000 4,988,000 42,000 $4,946,000 shares per share per share
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