What is the amount of capital in excess of par

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The financial statements for Highland Publications Corporation included the following selected information:

Common stock $ 520,000

Retained earnings $ 870,000

Net income $ 1,200,000

Shares issued 104,000

Shares outstanding 71,000

Dividends declared and paid $ 760,000

The common stock was sold at a price of $29 per share.

1. What is the amount of capital in excess of par?

2. What was the amount of retained earnings at the beginning of the year?

3. How many shares are in treasury stock?

4. Compute earnings per share. (Round your answer to 2 decimal places.)

Reference no: EM131213121

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