(Answered) Question - for a recent 2-year period the balance sheet of

Accounting

Question - For a recent 2-year period, the balance sheet of Sandhill Company showed the following stockholders' equity data at December 31 (in millions).

	2017	2016
Additional paid-in capital	$ 890	$ 813
Common stock	675	663
Retained earnings	7,190	5,270
Treasury stock	1,880	896
Total stockholders' equity	$6,875	$5,850

Common stock shares issued	225	221
Common stock shares authorized	500	500
Treasury stock shares	40	28

Answer the following questions.

(1) What is the par value of the common stock?

(2) What is the cost per share of treasury stock at December 31, 2017, and at December 31, 2016?

Prepare the stockholders' equity section at December 31, 2017.

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