Chapter 13 Homework

I need help with these two questions below please! Question 9 and question 8

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Lessons / Assignments 20215 X (- 6 C i v2.0engagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Chapter 13 Homework 1. EX.l3.03 2. EX.13.04 3. EX.13.09 4. EX.13.10 5. EX.13.11 6. EX.13.12 7. EX.13.16 8. EX.13.20.BLANKSHEET 9. PR.13.01A 10. PR.13.04A.BLANKSHEET Progress: 9/10 items Assignment Score: 0.0% {: CengageNOWleOnline teacl X n Course Hero X I u Course Hero x I u Course Hero X ' + eBook Show Me How Prini item Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $130,000, During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dlvldends Total Per Share Total Per Share Year 1 $ 30,000 15:] $1 $| I $ I Year 2 90,000 [:] l | | | Year 3 150,000 [:] l | | | Year 4 150,000 [2 l | | | Year 5 160,000 [:] 1 | | | Year 5 180,000 C] l | | | g g 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred $:] per share Average annual dividend for common $[: per share 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to one decimal place. ( Previous Next ) SubmitAssignmentforGradlng All work saved. Email Instructo A i O (D Lessons / Assignments 20215 X (- 6 C i v2.0engagen0w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocater=&inprogress=false Chapter 13 Homework 1. EX.l3.03 2. EX.13.04 3. EX.13.09 4. EX.13.10 5. EX.13.11 6. EX.13.12 7. EX.13.16 8. EX.13.20.BLANKSHEET 9. PR.13.01A 10. PR.13.04A.BLANKSHEET Progress: 9/10 items Assignment Score: 0.0% {: CengageNOWleOnline teacl X n Course Hero X I u Course Here x I u Course Hero X ' + eBook Show Me How Print item year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Year 1 $ 80,000 $[:] $1 $| | Year 2 90,000 :] l | | Year 3 150,000 [:] l | | Year 4 150,000 [:] | | | Year 5 160,000 [:] 1 | | Year 6 180,000 [:] l | | C 2. Determine the average annual dividend per share for each class of stock for the six-year period. If requ ed, round your answers to two decimal places. Average annual dividend for preferred $:] per share Average annual dividend for common $:] per share 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to one decimal place. Preferred stock : : Common Stock \"/0 ( Previous Next ) SubmitAssignmentforGradlng All work saved. Email Instrurto A d O (D Bb Lessons / Assignments - 20 X CengageNOWv2 | Online te X Course Hero x Course Hero x Course Hero x Homework Help - Q&A fron X + C * v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false r Paused Update : Chapter 13 Homework eBook Print Item Retained earnings statement ? 1. EX. 13.03 Instructions Accounts, Labels and Amount Descriptions Retained Earnings Statement 2. EX. 13.04 Instructions X 3. EX. 13.09 4. EX. 13.10 Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: 5. EX. 13.11 Retained earnings, February 1, 20Y1 $29,842,000 Net income 4,082,000 6. EX. 13.12 Cash dividends declared 500,000 Stock dividends declared 1,301,000 7. EX. 13.16 8. EX. 13.20.BLANKSHEET Required: Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Be sure to complete the statement heading. Refer to the lists 9. PR. 13.01A of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A decrease to retained earnings should be entered as a negative amount. 10. PR. 13.04A.BLANKSHEET Progress: 8/10 items Previous Next Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for GradingBb Lessons / Assignments - 20 X CengageNOWv2 | Online te X Course Hero x Course Hero x Course Hero x *Homework Help - Q&A fron X + C * v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 13 Homework eBook Print Item Retained earnings statement ? 1. EX. 13.03 Instructions Accounts, Labels and Amount Descriptions Retained Earnings Statement 2. EX. 13.04 3. EX. 13.09 Accounts, Labels and Amount Descriptions X 4. EX. 13.10 Accounts Accounts payable 5. EX. 13.11 Accounts receivable 6. EX. 13.12 Cash Dividends declared 7. EX. 13.16 Stock dividends declared 8. EX. 13.20.BLANKSHEET Labels the Year Ended January 31, 20Y2 9. PR. 13.01A January 31, 20Y2 10. PR. 13.04A.BLANKSHEET Amount Descriptions Decrease in retained earnings Excess of issue price over par Increase in retained earnings Issuance of additional common stock Issuance of additional preferred stock Net income Net loss Retained earnings, February 1, 20Y1 Retained earnings, January 31, 20Y2 Previous Next Progress: 8/10 items Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for GradingBb Lessons / Assignments - 20 X CengageNOWv2 | Online te X Course Hero x Course Hero x *Course Hero x *Homework Help - Q&A fron X + C * v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Paused Update : Chapter 13 Homework eBook Print Item O Retained earnings statement ? 1. EX. 13.03 2. EX. 13.04 Instructions Accounts, Labels and Amount Descriptions Retained Earnings Statement 3. EX. 13.09 Accounts, Labels and Amount Descriptions X Retained Earnings Statement X 4. EX. 13.10 5. EX. 13.11 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A decrease to retained earnings should be entered as a negative amount. 6. EX. 13.12 7. EX. 13.16 Pressure Pumps Corporation 8. EX. 13.20.BLANKSHEET Retained Earnings Statement (Label) 9. PR. 13.01A 10. PR. 13.04A.BLANKSHEET N A Progress: 8/10 items Previous Assignment Score: 0.0% All work saved. Email Instructor Save and Exit Submit Assignment for Grading