Question: Below is the stockholders' equity section from the Balance Sheet of Mohawk Industries: Dec. 31, 2021 Dec. 31, 2020 Stockholders equity: Preferred stock, $.01 par
| Below is the stockholders' equity section from the Balance Sheet of Mohawk Industries: | ||||||
| Dec. 31, 2021 | Dec. 31, 2020 | |||||
| Stockholders equity: | ||||||
| Preferred stock, $.01 par value; 60 shares authorized; no shares issued | ||||||
| Common stock, $.01 par value; 150,000 shares authorized; 72,952 and 77,624 shares issued and outstanding in 2021 and 2020, respectively | $ 729 | $ 776 | ||||
| Additional paid-in capital | $ 1,911,131 | $ 1,885,142 | ||||
| Retained earnings | $ 7,692,064 | $ 7,559,191 | ||||
| Accumulated other comprehensive loss | $ (966,952) | $ (695,145) | ||||
| Less: treasury stock at cost; 7,343 and 7,346 shares in 2021 and 2020, respectively | $ 215,547 | $ 215,648 | ||||
| Total Mohawk Industries, Inc. stockholders equity | $ 8,852,519 | $ 8,965,612 | ||||
| Noncontrolling interests | $ 6,791 | $ 6,842 | ||||
| Total stockholders equity | $ 8,859,310 | $ 8,972,454 | ||||
| 1 | Using 2021 amounts, what was the average price at which common shares were originally issued? | |||||
| 2 | Using 2021 amounts, what is the avearge cost per share for Treasury Stock? | |||||
| 3 | Suppose Mohawk re-issued all their Treasury Stock when the market price was $35. What will be the balance in Additional paid-in capital after the transaction? | |||||
| 4 | Suppose Mohawk re-issued all their Treasury Stock when the market price was $20. What will be the balance in Additional paid-in capital after the transaction? | |||||
| 5 | Suppose Mohawk re-issued all their Treasury Stock when the market price was $15. What will be the balance in Retained earnings after the transaction? | |||||
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