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Suppose that Corporation produced and sold 4,800 lapiop computers duni .0 aptops, Morgan invested in 8,600 in equipment Morgan paid $2 A00 s Morgan's free eash flow CA cost 2 Powell's Courier Service recorded a loss of $10,000 when it sold a van that originally oost 8.00025.000 Accumulated depreciasion on the van must have been on the van must hawa b S24.000 d. $60,000 e. None of the above. 3. was organized on January 2, 2018. During 2018, Karl issued 40,000 per share, purchased 5,000 shares of treasury stock at $30 per share, and shares at $25 had net income of $600,000. What is the total amount of stockholders 31, 20187 a. $1,600,000 b. $1.750,000 sequity at December c. $1,450,000 d. $1,440,000 e. None of the above 4. The following data is available for Blaine Corpora ation at December 31, 2018: Common stock, par $10 (authorized 30,000 shares) Treasury Stock (at cost $20 per share) $240,000 900 Based on the data, how many shares of common stock are outstanding? a. 24,000 b. 24,955 c. 29,940 d. 24,940 e. None of the above 5. The following data is available for Blaine Corporation at December 31, 2018: $250 Common stock, par $25 (authorized 30,000 shares) Treasury Stock (at cost $15 per share) $ 900 Based on the data, how many shares of common stock have been issued? a. 24,940 b. 25,000 c. 29,940 d. 24,955 e. None of the above

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