The stockholders equity section on the December 31, 2011, balance sheet of American Corp as follows: Contributed capital Preferred stock (par $20; authorized 10,000 shares, (issued of which 500 shares are held as treasury stock) $100,000 Common stock (no-par; authorized 20,000 shares, issued and outstanding 8,000 shares) 600,000 Contributed capital (includes $1,500 from treasury stock transactions) 16,500 Reatined earnings 34,000 Cost of treasury stock, preferred (9,500) Complete the following statements and show your computations: 1. The number of share of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average sale price of the preferred stock when issued was $ per share 4. Have the treasury stock transactions (A) increased corporate resources or (B) decreased resources? By How Much? 5. The treasury stock transactions increased (decreased) stockholder's equity by 6. How much did the treasury stock held cost per share? 7. Total stockholder's equity is $ 8. The average issue price of the common stock was $