Omaha, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for \(\$ 40\) cash per share, (2) purchased treasury shares at \(\$ 50\) per share, and (3) sold some of the treasury shares:

a. How many shares were originally issued?

b. What was the par value of the shares issued?

c. How many shares of treasury stock were acquired?

d. How many shares of treasury stock were sold?

e. At what price per share was the treasury stock sold?

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1. Cash 437,000 Common stock 43,700 Paid-in capital in excess of par value 393,300 2. Treasury stock 77,000 Cash 77,000 3. Cash 63,360 Treasury stock 52.800 Paid-in capital from treasury stock 10,560