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Analyzing and Computing Average Issue Price and Treasury Stock Cost

Following is the stockholders$$ equity section from The Coca$-$Cola Company $2020$ balance sheet. $($All amounts in millions except par value.$)$

The Coca$-$Cola Company Shareowners' Equity

December $31,$

$2020$ Common stock$-$$$0\mathrm{.}25$ par value; authorized$-11,200$ shares; issued$-7,040$ shares$$1,760$Capital surplus$17,601$Reinvested earnings$66,555$Accumulated other comprehensive income $($loss$)(14,601)$Treasury stock, at cost$-2,738$ shares$(52,016)$Equity attributable to shareowners of The Coca$-$Cola Company$$19,299$

a$.$ Compute the number of shares outstanding. Answer $1$

million

b$.$ At what average price were the Coca$-$Cola shares issued? Round answer to two decimal places. $Answer $2$

c$.$ At what average cost were the Coca$-$Cola treasury stock shares purchased? Round answer to two decimal places. $Answer $3$

per share

d$.$ How should treasury stock be treated in calculating EPS?

The number of treasury stock shares is subtracted from the denominator in computing EPS.

The number of treasury stock shares is added to the denominator in computing EPS.

The treasury stock balance is subtracted from the numerator in computing EPS.

The treasury stock balance is added to the numerator in computing EPS.