Problem: The market price of a share of common stock at the time of issuance was $19.50, while the market price of a preferred share of stock at the time of issuance was $32. The company paid $12.50 for its treasury stock. Fill in the missing stockholders' equity information below.
Stockholders' equity:
Preferred stock, $2.00 par value, 1,000,000 authorize; 300,000 issued ............ (a)
Additional paid-in capital................................................................................(b)
Common stock, $3.00 par value, 40,000,000 authorized; 25,600,000 issued (c)
Additional paid-in capital ............................................. (d)
Retaining earnings......................................................305,683,000......... (e)
Less: treasury stock, at cost (10,000 shares)....................................... (f)
Total Stockholders' equity............................................................. (g)