Problem 8.31 LO 1, 2, 3, 6, 7 Comprehensive problem alculate missing amounts, dividends, total shares, and per share information Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Paid-in capital 12% preferred stock, $60par value, 1,000 shares authorized, issued, and outstanding Common stock, $8 par value, 50,000 shares authorized, 2 shares issued, 2 shares outstanding 120,000 Additional paid-in capital on common stock 270,000 6,500 Additional paid-in capital from treasury stock 48,500 Retained earnings...................... Less: Treasury stock, at cost (1,000 shares of common) Total stockholders' equity Required