tockholders Equity
	Contributed capital
	Preferred stock (par $20; authorized 12,000 shares, ? issued, of which 700 shares are held as treasury stock)	$	160,000
	Common stock (no-par; authorized 23,000 shares, issued and outstanding 7,000 shares)		651,000
	Contributed capital (includes $3,400 from treasury stock transactions)		19,400
	Retained earnings		52,000
	Cost of treasury stock, preferred		(14,700	)

Required:

1.	Calculate the number of shares of preferred stock issued

2.	Calculate the number of shares of preferred stock outstanding

3.	Calculate the average sale price of the preferred stock when issued. (Round your answer to 2 decimal places.)

4.	Have the treasury stock transactions increased corporate resources or decreased corporate resources? By how much? (Enter the amount as positive value.)

5.	By how much the treasury stock transactions increased (decreased) stockholders equity? (Enter the amount as positive value.)

6.	How much did the treasury stock held cost per share? (Round your answer to 2 decimal places.)

7.	Calculate the value of total stockholders equity

8.	Calculate the average issue price of the common stock: (Round your answer to 2 decimal places.)