Question: Please help me find the Earnings per share and Return on common stockholders' equity. Question 3 iew Policies -how Attempt History Current Attempt in Progress

Please help me find the Earnings per share and Return on common stockholders' equity.
 Please help me find the Earnings per share and Return on
common stockholders' equity. Question 3 iew Policies -how Attempt History Current Attempt

Question 3 iew Policies -how Attempt History Current Attempt in Progress The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 10,000 shares authorized) $600,000 Common Stock ($4 stated value, 600,000 shares authorized) 2,000,000 Paid-in Capital in Excess of Par Value-Preferred Stock 30,000 Paid-in Capital in Excess of Stated Value-Common Stock 960,000 Retained Earnings 1,376,000 Treasury Stock (10,000 common shares) 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'equity. Feb. 1 Issued 10,000 shares of common stock for $60,000 Mar. 20 Purchased 2,000 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022. Dec. 31 Determined that net income for the year was $550,000. Paid the dividend declared on December 1 Date Account Titles and Explanation Debit Credit Feb. 1 Cash 60000 Common Stock 40000 Paid-in Capital in Excess of Stated Value-Common Stock 20000 Mar. 20 Treasury Stock 14000 Cash 14000 Oct. 1 Cash Dividends 42000 Dividends Payable 42000 Nov. 1 Dividends Payable 42000 Cash 42000 Dec. 1 Cash Dividends 249000 Dividends Payable 249000 Dec 31 Income Summary 550000 Retained Earnings 550000

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