The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts:
| Contributed Capital |
|
|
|
| Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) |
$ |
86,000 |
|
| Additional Paid-in Capital, Preferred |
|
9,890 |
|
| Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,100 shares) |
|
464,100 |
|
| Retained Earnings |
|
21,000 |
|
| Treasury Stock, 1,000 Preferred shares at cost |
|
9,050 |
Assume that no shares of treasury stock have been sold in the past.
Required:
Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.
1. The number of shares of Preferred stock issued was ______________________
2. The number of shares of preferred stock outstanding was _________________________
3. The average issue price of the preferred stock was ______________________
4. The average issue price of the common stock was ___________________________
5. The treasury stock transaction increased (decreased) stockholder's equity by ________________________
6. The treasury stock cost ________________________
7. Total stockholder's equity is ___________________________