Reference no: EM132817517

Use the following information

Retained Earnings $300,000

Common Stock, $10 par value, 50,000 shares issued $500,000

Paid-in Capital in Excess of Par Value, Common $100,000

Treasury Stock, Common, 5,000 shares $200,000

Problem 1. The balance sheet prepared at December 31, would report legal capital of:

Problem 2. The balance sheet prepared at December 31, would report total capital of:

Problem 3. The balance sheet prepared at December 31, would report total stockholders' equity of:

Problem 4. The number of common shares outstanding at December 31, is: