I need a spread sheet on this....

The stockholders' equity section of Lachlin Corporation's balance sheet at December 31 is presented here.

Instructions

From a review of the stockholders' equity section, answer the following questions.

(a) How many shares of common stock are outstanding?

(b) Assuming there is a stated value, what is the stated value of the common stock?

(c) What is the par value of the preferred stock?

(d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

(e) If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Prepare correct entries for capital stock transactions.

Name Section Date Exercises 11-4 E11-4 Lachlin Corporation (a) (b) (c) (d) (e) 627 xercises 11-4 627