Question: can you explain how to solve the following question step by step? Example: Letsgo Inc. Common stock, $2 par, 500 shares outstanding Contributed surplus $

can you explain how to solve the following question step by step?

Example: Letsgo Inc. Common stock, $2 par, 500 shares outstanding Contributed surplus $ 50,000 Retained earnings TOTAL $ 151,000 Letsgo decided to issue 1,000 shares of new stock. The current price is $40 per share. Common stock Contributed surplus Retained earnings TOTAL Market value? Book value

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