Wilming Inc., had 100,000 shares authorized at $10 par common stock. Wilming issued 15,000 common shares at $50 per share. Wilming also had 50,000 shares of 7% Cummulative preferred stock with an $85 par value. Wilming issued 25,000 shares at $200 per share. After the previous transactions, Wilming bought back 5,000 shares at $50.

What are the outstanding common shares after the above entries?

		150,000
		10,000
		35,000
		5,000

What is the paid in excess of par for common stock after the above entries?

		$600,000
		$750,000
		$1,000,000
		None of the above or the answer is not listed.

What amount will preferred stock be listed on the balalnce sheet at after the above entries?

		4,250,000
		$10,000,000
		5,000,000
		$2,125,000