Exercise #1			10 points
Presented below is a partial stockholders' equity section of Ruple Corporation's balance sheet on
December 31, 2014:
		Stockholders' Equity
		Paid-In Capital
		Capital Stock
		Common Stock, $5 par value, 300,000 shares
		authorized; _____ shares issued and _____ outstanding			$1,200,000
		Additional Paid-In Capital
		In excess of par value..			120,000
		Retained Earnings..			500,000
		Less: Treasury stock, 10,000 shares..			(120,000)
		Total Stockholders' Equity.........			$1,700,000
Instructions
Complete the following statements and show your computations.
a.	The number of shares of common stock issued is __________.
b.	The number of shares of common stock outstanding is __________.
c.	The total paid in capital is $__________.
d.	The cost per share of the treasury stock was $__________.
e.	Total number of shares authorized is______________.