Common stock (par $10; no changes during 2010). Shares authorized, 220,000. Shares issued, __?

Common stock (par $10; no changes during 2010).Shares authorized, 220,000.Shares issued, __?__ ; issue price $16 per share.Common stock account $1,330,000.Shares held as treasury stock, 2,200 shares, cost $19 per share.Net income for 2010, $109,000.Dividends declared and paid during 2010, $74,000.Retained earnings balance, January 1, 2010, $149,000.

Leave a Reply