The following information is from the equity sections of the comparative balance sheets for Freedman Cosmetics Company:

Net income for the year ended December 31, 2010, was $250,000.
Requirements
1. How many new shares of common stock were issued during 2010?
2. What was the average issue price of the stock issued during 2010?
3. What was the amount of dividends declared during 2010?
4. Did the company have any treasury shares at the end of2010?

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December 31, 2010 December 31, 2009 Common stock ($20 par) Additional paid-in-capital Retained earnings Total shareholders' equity $600,000 800,000 105,000 1,505.000 $500,000 400,000 55,000 $955,000