Analysis of stockholders equitystar corporation issued both

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Reference no: EM13583574

Analysis of stockholders' equity,Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow:
20X6 20X5

Preferred stock, $100 par value, 10% $580,000 $500,000
Common stock, $10 par value 2,350,000 1,750,000
Paid-in capital in excess of par value
Preferred 24,000 %u2014
Common 4,620,000 3,600,000
Retained earnings 8,470,000 6,920,000
Total stockholders' equity $16,044,000 $12,770,000

a. Compute the number of preferred shares that were issued during 20X6.

b. Calculate the average issue price of the common stock sold in 20X6.

c. By what amount did the company's paid-in capital increase during 20X6?

d. Did Star's total legal capital increase or decrease during 20X6? By what amount?

Reference no: EM13583574

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