The stockholders' equity section on the December 31, 2011, balance sheet of American Corporation follows: Required: Complete the following statements and show your computations. The number of shares of preferred stock issued was. The number of shares of preferred stock outstanding was. The average sale price of the preferred stock when issued was $ per share. Have the treasury stock transactions (a) increased corporate resources or (b) decreased resources? By how much?. The treasury stock transactions increased (decreased) stockholders' equity by. How much did the treasury stock held cost per share? $. Total stockholders' equity is $. The average issue price of the common stock was $