Zelienople Co reported the following information at December 31, 2016: Preferred stock, $10 par, 5,000 shares authorized, cumulative $ 50,000 Common stock, $1 par, 500,000 shares authorized 200,000 Additional paid-in capital—Common 25,000 Retained earnings 75,000 Total contributed capital and retained earnings $350,000 Less: Treasury stock (400 shares at cost) 5,000 Total stockholders' equity
$345,000 The number of shares of common stock issued is
a. 5,000.
b. 200,000.
c. 500,000.
d. 550,000.
b
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