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XYZ had the following information available from their financial statements at 2013 year end: Common Stock $1,000,000 Retained earnings $ 500,000 Net Income $ 200,000

XYZ had the following information available from their financial statements at 2013 year end:

Common Stock $1,000,000

Retained earnings $ 500,000

Net Income $ 200,000

Common Stock additional paid-in-capital $9,000,000

Dividends declared and paid $ 400,000

CS Shares authorized 10,000,000

CS Issued 1,000,000

CS Outstanding 800,000

1. Calculate the beginning retained earnings for 2013.

2. Calculate the par value of a share of common stock.

3. Calculate the number of treasury shares of common stock.

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