Falmouth Food Specialties, Inc., reported the following statement of stockholders equity for the year ended October 31, 2010:

Requirements
Answer these questions about Falmouth Food Specialties stockholders equity transactions.
1. The income tax rate is 30%. How much income before income tax did Falmouth Food Specialties report on the income statement?
2. What is the par value of the company€™s common stock?
3. At what price per share did Falmouth Food Specialties issue its common stock during the year?
4. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders equity?
5. Falmouth Food Specialties statement of stockholders equity lists the stock transactions in the order in which they occurred. What was the percentage of the stock dividend? (Round to the nearestpercentage.)

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Falmouth Food Specialties, Indc. Statement of Stockholders' Equity For the Year Ended October 31, 2010 Additional Capital $1,670 Common Stock Paid-in Retained Treasury Earnings (In millions) Stock Total $450 (114) $2,917 Balance, October 31, 2009 Net i Cash dividends Issuance of stock (25 shares).. Stock dividend. 911 280 (197) 280 (197) 250 50 100 200 400 12 $2,282 500) 13 25 Balance, October 31, 2010. $600 S 494 $(101) $3,275