Answer:
1.7900 shares
2.7300 shares
3.$22.95
4.$59
5.$6,300
6.$10.50
7.$791,000
Explanation:
The number of preferred shares=total par value of preferred shares issued/par value=$165,900/$21=7900 shares
The number of preferred shares outstanding is issued shares minus treasury stock=7900 shares-600 shares=7,300 shares
average issue price of preferred stock=(total par value+additional paid capital)/issued shares=($165,900+$15,400)/7900=$22.95
Average issue price of common stock==common stock amount/issued shares=$590,000/10000=$59
The treasury stock decreases stockholders' equity by the amount paid to repurchase the shares which is $6,300
Treasury stock cost $ per share=cost of treasury cost/number of treasury stock=$6300/600=$10.50
Total stockholders' equity in $=preferred stock+preferred stock additional paid in capital+common stock+retained earnings -treasury stock
Total stockholders' equity in $=165,900+15,400+590,000+26000-6300=$791,000
