Question: Can anybody help me with problems 7-10? Chapter 10 In class assignment-Answers to be submitted in Canvas Now Enterprises Balance Sheet (partial) At December 31,

 Can anybody help me with problems 7-10? Chapter 10 In classCan anybody help me with problems 7-10?

Chapter 10 In class assignment-Answers to be submitted in Canvas Now Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders Equity: Preferred stock ($100 par) 5550,000 142,000 4192 4,111,000 845,000 1420.0 Common stock ($1 parl Additional Paid in capital Total paid in capital Retained earnings Treasury stock (15,000 common shares) Total stockholders' equity 1. How many shares of preferred stock have been issued? 2. How many shares of common stock have been issued? 3. If the common shares were issued at $25 per share, at what average price per share were the preferred shares issued? 4 If retained earnings at the beginning of the period was $635,000 and $352,000 was earned in net income, what was the amount of dividends declared during the year? 5. What was the average cost per share of the treasury stock acquired? 6. How many shares of common stock are outstanding? For 7-10 use assume that the company sold 5,000 shares of its treasury stock for $32 per share 7. How much would Additional paid-in capital (APIC) change? 8. How much would Stockholders Equity change? 9. How many shares of Common Stock would be outstanding after the reissuance? 10. How many shares of Common Stock would be issued after the reissuance

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