Common stock, $1 par, 100 shares authorized 30 Additional paid-in-capital, common stock 90 Retained earnings

Common stock, $1 par, 100 shares authorized                                           30

Additional paid-in-capital, common stock                                                  90

Retained earnings                                                                                      50           

Treasury stock, 5 shares of common                                                          30

Required: Fill in the blanks for the following:

1.     Total contributed capital is $________.

2.     Total shareholders’ equity is $________.

3.     The number of common shares issued was ________.

4.     The average selling price per common share was $________.

5.     The number of common shares outstanding is ________.

6.     The purchase price (cost) of a share of treasury stock was $________.

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