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E11-7 (Algo) Finding Amounts Missing from the Stockholders' Equity Section (LO...

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Accounting

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E11-7 (Algo) Finding Amounts Missing from the Stockholders' Equity Section (LO 11-2, LO 11-4) The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 86,000 Additional Paid-In Capital, Preferred 9,890 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,100 shares) 464,100 Retained Earnings 21,000 Treasury stock, 1,000 Preferred shares at cost (9,050) Assume that no shares of treasury stock have been sold in the past. Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) per share 1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is per share

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