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For 7 - 10 use the following Best Incorporated Balance Sheet (partial) At December 31,...

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Accounting

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For 7 - 10 use the following Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) Common stock (par $0.50) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (9,000 common shares) Total stockholders' equity $50,000 175,000 4,025,500 4,250,500 396,000 (135,000) $4,511,500 Assume that the company sold 1,000 shares of its treasury stock for $17 per share. 7. How much would additional paid in capital change? $. 8. How much would Stockholders' Equity change? $ 9. How many shares of Commons stock would be issued after the reissuance? shares 10. How many shares of Common stock would be outstanding after the reissuance? shares

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