(Analysis of Equity Data and Equity Section Preparation) For a recent 2 year period, the balance sheet of Santana Dotson Company showed the following stockholders equity data at December 31 (in millions) 2020 2019 Additional paid in capital $931 $817 Common stock 545 540 Retained earnings 7,167 5,226 Treasury stock 1,564 918 Total stockholders equity $7,079 $5,665 Common stock shares issued 218 216 Common stock shares authorized 500 500 Treasury stock shares 34 27 Instructions a Answer the following questions 1 What is the par value of the common stock 2 What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019

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Question: (Analysis of Equity Data and Equity Section Preparation) For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders equity

(Analysis of Equity Data and Equity Section Preparation) For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders equity data at December 31 (in millions).

	2020	2019
Additional paid-in capital	$931	$817
Common stock	545	540
Retained earnings	7,167	5,226
Treasury stock	1,564	918
Total stockholders equity	$7,079	$5,665
Common stock shares issued	218	216
Common stock shares authorized	500	500
Treasury stock shares	34	27

Instructions

a. Answer the following questions.

1. What is the par value of the common stock?

2. What is the cost per share of treasury stock at December 31, 2020, and at December 31, 2019?

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