Question: Don't know what I am doing wrong. Please help me finish this. Required: From this information, compute answers to the following questions. a. How many


Don't know what I am doing wrong. Please help me finish this.
Required: From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends paid to preferred stockholders? (Round intermediate calculations to 2 decimal places.) c. How many shares of common stock are outstanding? d. What was the average issuance price per share of common stock? (Round your answers to 2 decimal places.) e. What is the amount of legal capital? f. What is the total amount of paid-in capital? g. What is the book value per share of common stock? (There are no dividends in arrears.) (Round your answers to 2 decimal places.) h. Assume that retained earnings at the beginning of the year amounted to $717,500 and that net income for the year was $3,970,000. What was the dividend declared during the year on each share of common stock? (Hint: Net income increases retained earnings, whereas dividends decrease retained earnings.) (Round your answers to 2 decimal places.) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Answer is complete but not entirely correct. } \\ \hline a. & Number of issued shares of preferred stock & & 27,000 & shares \\ \hline b. & Annual preferred stock dividend & $ & 202,500 & \\ \hline c. & Number of outstanding shares of common stock & & 450,000 & shares \\ \hline d. & Average issuance price of common stock & $ & 21.11 & per share \\ \hline e. & Legal capital & $ & 3,600,000 & \\ \hline f. & Paid-in capital & $ & 12,200,000 & \\ \hline g. & Book value per share of common stock & $ & 26.88 & per share \\ \hline h. & Common stock dividend per share & $ & 4.65 & per share \\ \hline \end{tabular}
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