The stockholders' equity section of the balance sheet of Our Stock Inc., on December $31,2$xxx$,$ appears as follow:

Stockholder's Equity

$10\%$ Cumulative preferred stock, $$100$ par, $80,000$ share authorized, XXX$?$ #shares issued $$3,200,000$

Common stock, $$5$ par, $500,000$ shares authorized, of which YYY$?$ #shares issued and ZZZ#

of shared held as treasury

$$1,000,000$

Additional Paid In$-$Capital

For Issuance of Preferred Stock $$500,000$

For Issuance of Common Stock $$4,200,000$

Total Paid in Capital $$8,900,000$

Retained earnings $($Less cost of treasury stock not available for dividends$)$ $$1,300,000$

$$10,200,000$

Less Treasury stock $($at Par$)$ ZZZ$?$ #shares of common shares $($$$80,000)$

Total stockholder's equity $$10,120,000$

answer computation

a What is the total dollar amount

paid annually as dividends to

preferred stockholders?

b What was the average issue price

per share of preferred stock?

c What was the average issue price

per share of common stock?

$-$d How many shares of common

stock are outstanding?

e What is the book value per share

of the common stock?

f If all the treasury stock is reissued

at a price of $$40$ per share, what

amount will be credited to the

Additional Paid$-$In Capital:

Treasury Stock Transactions

account