1. Western Atlantic Corporation recently lost some of its accounting records in a fire on August 10, 2019. The following information has been salvaged from the rubble:

The $100 par value, Preferred Stock account has a balance of $229,000. The $50 par value, common stock was issued for an average price of $55 per share. The Paid-in Capital in Excess of Par Value-Preferred account has a balance of $22,900. There are 30,000 shares of common stock issued. The Retained Earnings account has a balance of $172,000 on August 10, 2019.

Required:

1. Determine the number of shares of preferred stock issued.
2. What is the balance in the Common Stock account?
3. What was the average issue price of a share of preferred stock?
4. Determine the balance in the Paid-in Capital in Excess of Par Value-Common account.
5. What is total paid-in capital?
6. What is total stockholders equity?