Reference no: EM131753266

Problem - The stockholders' equity section on the 12/31/08 balance sheet of Wheat Corporation was:

Stockholders Equity

Contributed capital:

Common Stock, $?? par value, authorized 30,000 shares;

issued 20,000 shares; outstanding 9,000 shares... $27,000

Preferred stock, par value $50, authorized 20,000 shares; issued and outstanding, $10,000 shares... 500,000

Contributed capital in excess of par, common..... 13,000

Contributed capital in excess of par, preferred... 10,000

Contributed capital, treasury stock transactions... 3,000

Retained Earnings........................... 326,000

Cost of treasury stock,common................. 22,000

1. What was the par value of common stock?

2. What is the number of shares held as treasury stock?

3. If common stock was issued only once , what was the issue price per share?

4. How much did the treasury stock held cost per share?

5. How much is total stockholders' equity?