Analysis of stockholders'' equity , Cost Accounting

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Analysis of stockholders equity:

Star Corporation issued both common and preferred stock during 19X6. The stockholders' equity sections of the company's balance sheets at the end of 19X6 and 19X5 follow.

	19X6	19X5
Preferred stock, $100 par value, 10%	$580,000	$500,000
Common stock, $10 par value	2,350,000	1,750,000

Paid-in capital in excess of par value
Preferred	24,000	-
Common	4,620,000	3,600,000
Retained earnings	8,470,000	6,920,000
Total stockholders' equity	$16,044,000	$12,770,000

a. Compute the number of preferred shares that were issued during 19X6.

b. Calculate the average issue price of the common stock sold in 19X6.

c. By what amount did the company's paid-in capital increase during 19X6?

Did Star's total legal capital increase or decrease during 19X6? By what amount

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