Preferred stock, $50 par value, 5,000 shares       authorized, ? shares issued $300,000 Common stock, ? par, 10,000 shares authorized,       7,000 shares issued 70,000 Additional paid-in capital—Preferred 10,800 Additional paid-in capital—Common 420,000 Additional paid-in capital—Treasury stock 2,000 Total contributed capital $802,800 Retained earnings 40,000 Treasury stock, preferred, 100 shares (3,500)       Total stockholders’ equity $?   Required: Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent. 1.  The number of shares of preferred stock issued 2.  The number of shares of preferred stock outstanding 3.  The average per-share sales price of the preferred stock when issued 4.  The par value of the common stock 5.  The average per-share sales price of the common stock when issued 6.  The cost of the treasury stock per share 7.  The total stockholders' equity 8.  The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.