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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) | $ | 86,000 | |
Additional Paid-in Capital, Preferred | 9,890 | ||
Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,100 shares) | 464,100 | ||
Retained Earnings | 21,000 | ||
Treasury Stock, 1,000 Preferred shares at cost | 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. |
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