The shareholders' equity section of Valade Corp.'s balance sheet is:

Required:
a. How many shares of common stock were issued during 2010? What was their average issue price?
b. How many shares of preferred stock were issued during 2010? What was their average issue price?
c. Give the entry for the company's purchase of treasury stock. What was the average repurchase price?
d. What was the company's book value at the end of 2009? 2010?

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2010 2009 Preferred stock (8%, $50 par value) Common stock (510 par value, 80,000 shares authorized, s 300,000 s 150,000 80,000 shares issued, 10,000 shares in treasury) Additional paid-in capital: 800,000 650,000 Preferred stock Common stock 200,000 525,000 679,000 150,000 $2,654,000 175,000 300,000 505,000 Retained earnings Less: treasry stock Total shareholders' equity $1,780,000