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The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts:
Contributed Capital | |
---|---|
Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) | $ 118,000 |
Additional Paid-In Capital, Preferred | 18,290 |
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,700 shares) | 716,900 |
Retained Earnings | 37,000 |
Treasury Stock, 1,000 Preferred shares at cost | (9,850) |
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.)
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