Question: Here is the income statement for Teal Mountain Inc. Additional information: Common stock outstanding January 1, 2017, was 30,000 shares, and 39,000 shares were outstanding

Here is the income statement for Teal Mountain Inc. Additional information:

Here is the income statement for Teal Mountain Inc. Additional information: Common stock outstanding January 1, 2017, was 30,000 shares, and 39,000 shares were outstanding at December 31, 2017. The market price of Teal Mountain stock was $15 in 2017. Cash dividends of $24, 700 were paid, $6, 500 of which were to preferred stockholders. Compute the following measures for 2017

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