The stockholders€™ equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts:

Assume that no shares of treasury stock have been sold in the past.
Required:
Complete the following statements and show your computations.
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 $ per share ____.
4. The average issue price of the common stock was $ ____.
5. The treasury stock transaction increased (decreased) stockholders€™ equity by ____.
6. The treasury stock cost $ per share ____.
7. Total stockholders€™ equity is $ ____.

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Contributed Capital Preferred Stock (par $20: authorized 10,000 shares, ?issued of which 1,000 shares are held as treasury stock) Additional Paid-in Capital, Preferred Common Stock (no-par, authorized 20,000 shares, issued and $104,000 14,300 outstanding 6,000 shares) Retained Earnings Treasury Stock. 1,000 Freferred shares at cost 600,000 30,000 .500