The Shareholders' equity section of Valade Corp.s balance sheet is: 2012 2009
preferred stock (8%, $50 par value) 300,000 150,000
Common stock ($10 par value, 80,000 shares authorized,
80,000 shared issued, 10,000 shares in treasury) 800,000 650,000
Additional paid-in capital
Preferred stock 200,000 175,000
Common stock 525,000 300,000
Retained earnings 679,000 505,000
Less: treasury stock 150,000 0
Total shareholders' equity 2,654,000 1,780,000
How many shares of common stock were issued during 2010? What was their average issue price?
How many shares of preferred stock were issued during 2010? What was their average issue price?
Give the entry for the company's purchase of treasury stock. What was the average repurchase price?
What was the company's book value at the end of 2009? 2010?

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