Intermediate Accounting: E13-10 For a recent 2-year period, the balance sheet of Santana Dotson

Intermediate Accounting
E13-10 Analysis of Equity Data and Equity Section Preparation
For a recent 2-year period, the balance sheet of Santana Dotson Company showed the following stockholders’ equity data at December 31 (in millions).
2014 2013
Additional paid-in capital 931 817
Common stock 545 540
Retained earnings 7,167 5,226
Treasury stock 1,564 918
   Total stockholders’ equity $7,079 $5,665
Common stock shares issued 218 216
Common stock shares authorized 500 500
Treasury stock shares 34 27

Instructions:
(a) Answer the following questions.
(1) What is the par value of the common stock? (Round par value to 2 decimal places, e.g. $3.15.)
(2) What is the cost per share of treasury stock at December 31, 2014, and at December 31, 2013?
(b) Prepare the stockholders’ equity section at December 31, 2014. (Enter account name only and do not provide descriptive information.)
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