Preferred stock, $50 par value, 5,000 shares authorized, ? shares issued $300,000 Common stock, ? par, 10,000 shares authorized, 7,000 shares issued 70,000 Additional paid-in capital—Preferred 10,800...

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

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