Question: 22. please show work. View Policies Current Attempt in Progress The following data are provided: December 31 2021 2020 5% Cumulative preferred stock. $50 par

22. please show work.

View Policies Current Attempt in Progress The following data are provided: December 31 2021 2020 5% Cumulative preferred stock. $50 par $99000 $99000 Common stock. $10 par 130000 89000 Additional paid-in capital 79000 74000 247000 213000 Retained earnings (includes current year net income) Net income 51000 AL - 12.5 III Retained earnings (includes current year net income) 247000 213000 Net income 51000 AdditionalInformation: On May 1, 2021, 4800 shares of common stock were issued. The preferred dividends were not declared during 2021. The market price of the common stock was $40 at December 31, 2021. The book value per share of common stock at 12/31/21 is calculated as O 377 13. 209-13 451 +13 456 - 13 Santot Attempts: 0 of 1 used Submit

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