The following items were shown on the balance sheet of Martin Corporation on December 31, 2021:...

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The following items were shown on the balance sheet of Martin Corporation on December 31, 2021: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 750,000 shares authorized; shares issued and _outstanding $3,000,000 Additional paid-in capital In excess of par value 180,000 Total paid-in capital 3,180,000 Retained Earnings 500,000 Total paid-in capital and retained earnings 3,680,000 Less: Treasury stock (20,000 shares) 280,000 Total stockholders' equity $3,400,000 Complete the following statements. (a) The number of shares of common stock issued was shares (b) The number of shares of common stock outstanding was shares (c) The total sales price of the common stock when issued was per (d) How much did the treasury stock cost per share? share What was the average issue price of the common stock? (Round to 2 decimal per (e) places, e.g. 5.25) share %24 %24 %24 The following items were shown on the balance sheet of Martin Corporation on December 31, 2021: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 750,000 shares authorized; shares issued and _outstanding $3,000,000 Additional paid-in capital In excess of par value 180,000 Total paid-in capital 3,180,000 Retained Earnings 500,000 Total paid-in capital and retained earnings 3,680,000 Less: Treasury stock (20,000 shares) 280,000 Total stockholders' equity $3,400,000 Complete the following statements. (a) The number of shares of common stock issued was shares (b) The number of shares of common stock outstanding was shares (c) The total sales price of the common stock when issued was per (d) How much did the treasury stock cost per share? share What was the average issue price of the common stock? (Round to 2 decimal per (e) places, e.g. 5.25) share %24 %24 %24

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a The number of shares of common stock issued was 3000000 5 600000 shares b The numbe... View the full answer