stock holder's equity

Chapter 10: Stockholders' Equity and Appendix D Use the Stockholders' Equity section of FSB's Balance Sheet to answer the questions below. FSB Enterprises Balance Sheet (partial) At December 31, 202A Stockholders' Equty: Preferred stock (Phr $100) 1,000,000 Common stock (Phr $0.20) 120,000 Additional Paid in capital 8,915,000 Total paid in capith! 10,035,000 Retained earnings 1,400,000 Treasury stock (3.poo common shares) -54,000 Total stockholders equity 11,381,000 1 How many shares of preferred stock have been issued? 2a How many shares of common stock have been issued? 2b How many of the common shares are outstanding? 3. If the common shares were issued at $15 per share, at what average price were preferred shares issued? Carry to two decimals. 4 If retained earnings at the beginning of the period was $1,250,000 and $325,000 was cared in net income, what was the amount of dividends declared during the year? 5 What was the average cost per share of the treasury stock acquired? Carry to two decimals