Question: 9% cumulative preferred stock, $ 100 par value, callable at $110, 30,000 share authorized Common stock, $2 par value, 500,000 shares authorized, 400, 000

9% cumulative preferred stock, $ 100 par value, callable at $110, 30,000

9% cumulative preferred stock, $ 100 par value, callable at $110, 30,000 share authorized Common stock, $2 par value, 500,000 shares authorized, 400, 000 shares issued Additional paid-in capital; common stock Donated capital Retained earnings Total stockholders' equity Instructions: From this information, compute answers to the following questions; a. How many shares of preferred stock have been issued? $1,300,000 800,000 6,600,000 300,000 3,800,000 12, 800, 000 b. What is the total amount of the annual dividends paid to preferred stockholders? c. What was the average issuance price per share of common stock? d. What is the amount of legal capital? e. What is the total amount of paid-in capital? f. What is the book value per share of common stock? (There are no in arrears.) g. Assume that retained earnings at the beginning of the year amounted to $2,900, 000, and the net income for the year was $1,600, 000. What was the dividend declared during the year on each share of common stock?

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