Question: E 1 1 - 7 ( Algo ) Finding Amounts Missing from the Stockholders' Equity Section [ LO 1 1 - 2 , LO 1

 E11-7(Algo) Finding Amounts Missing from the Stockholders' Equity Section [LO 11-2,

E11-7(Algo) Finding Amounts Missing from the Stockholders' Equity Section [LO 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, 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 outstanding 6,100 shares)
Retained Earnings
$106,000
14,840
616,100
31,000
(9,550)
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.)
\table[[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,per share],[4. The average issue price of the common stock was,],[5. The treasury stock transaction increased (decreased) stockholders' equity by,],[6. The treasury stock cost,per share],[7. Total stockholders' equity is,]]
LO 11-4] The stockholders' equity section on the December 31 balance sheet

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