Reference no: EM133114849

Question - Analysis of Stockholders' Equity - The Stockholders' Equity section of the December 31, 2017, balance sheet of Eldon Company appeared as follows:

Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued	$250,000
Common stock, ? par, 10,000 shares authorized, 6,000 shares issued	60,000
Additional paid-in capital-Preferred	7,000
Additional paid-in capital-Common	360,000
Additional paid-in capital-Treasury stock	1,400
Total contributed capital	$678,400
Retained earnings	40,000
Treasury stock, preferred, 200 shares	(6,200)
Total stockholders' equity	$ ?

Required - Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.

1. The number of shares of preferred stock issued.

2. The number of shares of preferred stock outstanding.

3. The average per-share sales price of the preferred stock when issued.

5. The average per-share sales price of the common stock when issued.

7. The total stockholders' equity.

8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value.