At December 31st, 2011, the records at a corporation provided the following selected and incomplete data:
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Common stock (par $1; no changes during the year)
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Shares authorized, 3,000,000
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Shares issued, issue price $65 per share
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Shares held as treasury stock, 85,000 shares, cost $40 per share
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Net income, $3,700,000
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Common stock account, $1,400,000
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Dividends declared and paid; $2 per share.
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Retained Earnings balance, January 1, 2011, $74,700,000
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Find the following:
(a) the shares issued
(b) the shared outstanding
(c) the balance in the Capital in Excess of par account
(d) the EPS on net income
(e) The total dividends paid on common stock during 2011
(f) The amount of treasury stock