Question: edited CP11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5] At December 31, the records of Nortech Corporation provided the following selected and
edited CP11-3 (Algo) Finding Missing Amounts [LO 11-2, LO 11-3, LO 11-5] At December 31, the records of Nortech Corporation provided the following selected and incomplete data: Common stock (par \$1; no changes duting the current year). Shares authorized, 500,000 . Shares issued, ?; issue price $23 per share. Common Stock account, $210,000 Shares held as treasury stock, 3,100 shares, cost $21 per share. Net income for the current year, $165,520. Dividends declared and paid during the curtent year, \$53,794 Retained Earnings balance, beginning of the year, $156,000 Required: Complete the following: TIP: To determine the number of shares issued, divide the balance in the Common Stock account by the par value per share. (Round "per shore" onswers to 2 decimal places.)
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