Stockholders$$ Equity: Analyze Information from Comparative Data

Comparative stockholders$$ equity sections from two successive years of balance sheets from Smiley, Inc., are as follows:

Dec. $31,$ Current Year Dec. $31,$ Prior Year

Contributed Capital

$8\%$ preferred stock, $$50$ par value, authorized $20,000$ shares;

issued and outstanding, prior year: $8,000$ shares; current year: $12,000$ shares $$600,000$ $$400,000$

Common stock, no$-$par value, $$20$ stated value, authorized $80,000$ shares

Issued, prior year: $32,000$ shares; current year: $40,000$ shares $800,000640,000$

Additional Paid$-$in Capital

In excess of par value$$Preferred stock $224,000144,000$

In excess of stated value$$Common stock $232,000160,000$

From treasury stock $21,000-$

Retained earnings $300,000229,000$

$2,177,0001,573,000$

Less: Treasury stock $($prior year: $7,000$ shares common$)$ at cost $-196,000$

Total Stockholders$$ Equity $$2,177,000$ $$1,377,000$

No dividends were declared or paid during the current year. No treasury shares were acquired during the year.

Use the information presented above to complete the following statements.

Enter $0$ or leave the field blank if the activity did not occur during the year. Round all per share amounts to two decimals

a$.$ The company issued Answer

preferred shares at $Answer

per share.

b$.$ The company purchased Answer

preferred shares at $Answer

per share.

c$.$ The company issued Answer

common shares at $Answer

per share.

d$.$ The company purchased Answer

common shares at $Answer

per share.

e$.$ The company sold Answer

treasury shares for $Answer

per share.

f$.$ The company earned a profit of $Answer

during the year.