Answer:
The following balances have been worked out from the information given in question;
Explanation:
No. of Common stocks issued $200,000/22 9,091
Paid in capital-Common Stocks 9,091*(22-1) $90,909
No. of Treasury Stock 3,000
Treasury stock 3,000*20 $60,000
EPS =$147,750/(9,091 -3,000) $24
Retained Earnings ($155,000+$147,750-$49,250) $253,500
