During 2022, the corporation had the following transactions and events relating to its Stockholders Equity:...
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During 2022, the corporation had the following transactions and events relating to its Stockholders Equity: Jan. 2 Purchased 2,500 shares of its own common stock to add to the Treasury at a cost of $53,750. Feb. 21 Issued 10,000 shares of common stock in exchange for a building. On the date of the exchange, the FMV of the building was $212,000 and the stock was trading at $20.25 per share. Mar. 21 Sold 1,000 shares of treasury stock - common for $24 per share. Nov. 14 Issued 500 shares of preferred stock for $36,000. Dec. 31 Determined that net income for the year was $226,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 20. There are no dividends in arrears. How many shares of common stock are outstanding as of December 31,2022 ? 508,000506,500160,000158,500468,000
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