Chapter $11$ Stockholders$$ Equity Analysis Rey Inc. is planning to report the following information in the equity section of their balance sheet as of $12/31/2020.$ All common and preferred stock shares were sold when the company was established on $1/1/2018.$ Rey paid dividends for the first time in $2020$ in the amount of $$50,000.$ Balance Sheet Information Common Stock, par $$0\mathrm{.}50$ Additional Paid$-$in Capital $$ Common stock Preferred Stock, par $$10,5\%$ dividend rate Additional Paid$-$in Capital $$ Preferred stock Retained Earnings Treasury Stock $5,000$ shares of common stock repurchased in $2019$ Total Stockholder$$s Equity $ $200,0004,800,000100,00050,000150,000(40,000)$ $$5,260,0001.$ How many common stock shares were issued as of $12/31/2020?$ How many were outstanding? $2.$ What was the market price per share of the common stock shares when Rey sold them on $1/1/2018?3.$ What price did Rey pay to repurchase their common stock in $2019?4.$ If the retained earnings balance was $$100,000$ as of $1/1/2020,$ what was Rey$$s net income in $2020?5.$ How much of the dividends paid in $2020$ went to preferred stockholders $($assuming preferred dividends are current, but not cumulative$)?$ How much went to common stockholders? $6.$ What was Rey$$s earnings per share in $2020$ if preferred dividends were non$-$cumulative?