Question: please show all work and make sure it is correct. i will give thumbs up Problem 2 (12 Points) The following items were shown on

please show all work and make sure it is correct. i will give thumbs up
 please show all work and make sure it is correct. i

Problem 2 (12 Points) The following items were shown on the balance sheet of ELO Corporation on December 31, 2015 Stockholders' equity Paid in capital Capital stock Common stock, $10 par value, 400,000 shares authorized shares issued and outstanding $1.850.000 Additional paid in capital In excess of par 165.000 Total paid-in capital 2015.000 Retained earnings 750,000 Total paid in capital and retained earnings 2.765.000 Less Treasury stock (18,000 shares) 270.000 Total stockholders' equity $2495.000 Instructions Complete the following statements and show your computations (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was (c) The sales price of the common stock when issued was $ (d) The cost per share of the treasury stock was 5 (e) The average issue price of the common stock was 5 () Assuming that 25% of the treasury stock is sold at $20 per share the balance in the Treasury Stock account would be $

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