Question: 0.37 points E11-7 Finding Amounts Missing from the Stockholders Equity Section [L0 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet
0.37 points E11-7 Finding Amounts Missing from the Stockholders Equity Section [L0 11-2, LO 11-4] 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 98,000 2,740 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 552,900 27,000 9,350 outstanding 5,700 shares) Retained Eamings Treasury Stock, 1,000 Preferred shares at cost 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 The average issue price of the common stock was per share 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is per share
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