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Question - The following information is from the balance sheet of Tudor Corporation as of December 31, 2014.
Preferred stock, $100 par $ 500,000
Paid-in capital in excess of par-preferred 35,000
Common stock, $1 par 190,000
Paid-in capital in excess of par-common 380,000
Retained earnings 131,500
Total stockholders' equity $1,236,500
How do you compute the following?
1. What was the average issue price of the common stock shares?
2. What is the average issue price of the preferred stock shares?
3. What was the total paid-in capital as of December 31, 2014?