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E11-6 (Static) Finding Amounts Missing from the Stockholders' Equity Section LO11-1, 11-3, 11-7 Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000. Stockholders' Equity: Common stock, Class A-118,529,925 and 117,706,523 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,010,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A-73,099,319 and 61,740,439 shares Required: 1. What is the par value of Dillard's Class A common stock? Current Year $ 118,530 40,000 828,796,000 3,107,344,000 (1,846,312,000) Last Year $ 117,707 40,000 805,422,000 ? (1,355,526,000) 2. How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year? 3. What amount was reported in the Retained Earnings account at the end of last year? 4. How is the dollar amount in the treasury stock account at the end of the current year reflected on the asset side of the balance sheet? 5. During the current year, by what amount did treasury stock transactions increase or decrease stockholders' equity? 6. At the end of the current year, what was the average price paid per share for shares held in treasury stock?