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The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 86,000 9,890 Contributed Capital Preferred Stock (par

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The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 86,000 9,890 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,100 shares) Retained Earnings Treasury Stock, 1,880 Preferred shares at cost 464,100 21,000 (9,050) Assume that no shares of treasury stock have been sold in the past Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) 1. The number of shares of preferred stock issued was 2 The number of shares of preferred stock outstanding was 3. The average sue price of the preferred stock was The averag e price of the common stock was 5 The reasury stock transaction increased (decreased er share holders equity by outstanding 5,100 shares) tained Earnings reasury Stock, 1,000 Preferred shares at cost sume that no shares of treasury stock have been sold in the past. equired: complete the following statements. (Decreases should be indicated by a minus sign. Roun per share 1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is per share

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