Reference no: EM133011311

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

Preferred stock, $30 par value, 5,000 shares
authorized, ? shares issued $135,000
Common stock, ? par, 10,000 shares authorized,
9,000 shares issued 90,000
Additional paid-in capital-Preferred 8,100
Additional paid-in capital-Common 540,000
Additional paid-in capital-Treasury stock 1,200
Total contributed capital $774,300
Retained earnings 30,000
Treasury stock, preferred, 200 shares (6,200)
Total stockholders' equity $ ?

Required:

Problem a: 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

4. The par value of the common stock

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

6. The cost of the treasury stock per share

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