The questions are indicated on the picture

Problem 4 Reporting Stockholders' Equity with Treasury Stock Early in 2010, Steel Corporation was formed with authorization to issue 100,000 shares of P2 par value common stock. All shares were issued at a price of P12 per share. The corporation reported net income of P140,000 in 2010, P60,000 in 2011, and P90,000 in 2012. No dividends were declared in any of these three years. In 2011, the company purchased P50,000 of its own shares in the open market. In 2012, it reissued all of its treasury stock for P62,000. Compute the following ending balances: Your answer Refer to Problem No. 4, Compute for 1 point Common Stock Your answer Refer to Problem No. 4, Compute for 1 point Book Value per Share * Your