project 3: stockholders' equity

Instructions for Project 3: Answer the following, based on the information given on the preceding page Project 3: Stockholders' Equity (10 points) Capital stock, as of December 11, 2021 of common shares authorized 60,000 Required: Answer the questions on the following page in this booklet and turn in the entire boldet of the beginning of dess on the date specified by your instructor Sco, oro on S. of common shares and outstanding of preferred share issued and outstanding Shown below is the stockholders' equity section of Tiny Tor's stockholders equity section of the balance sheet of December 31, 2020 Amount of cash dividend to common stockholders 620.000 Common stock $1 parale, S.600,000 shares stored 670,000 shares and outstanding Amount of cash dividend to preferred to holders Total debt to Stock Dividends account Retained earnings Total stockholders' equity $4920.00 During 2001, the following events occurred: They Tor's wash ed to sell 100,000 whares of $100 par, predstock Tiny Totswold 15.000 shares of the preferred stock at its par value Acash dividend of 500,000 was declared and paid The Tot's declared and d o ck didend on the common stock when the market value of the rock 14 per share Net income for the year was $1,450,000 Additional paid in capital at December 11, 2001 Reti r ing, at lancary 1, 2021 Retained earnings at December 31, 2001 Total Stockholders' Equity, December 31, 2021 Project 3: Stockholders' Equity (10 points) tosion Required: Answer the questions on the following page in this booklet and turn in the entire booklet at the beginning of class on the date specified by your instructor. Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: > Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value A cash dividend of $300,000 was declared and paid Tiny Tot's declared and issued a 10% stock dividend on the common stock when the market value of the stock was $14 per share Net income for the year was $1,490,000 Instructions for Project 3: Answer the following, based on the information given on the preceding page: Capital stock, as of December 31, 2021: # of common shares authorized # of common shares issued and outstanding # of preferred shares issued and outstanding Amount of cash dividend to common stockholders $ Amount of cash dividend to preferred stockholders Total debit to Stock Dividends account Additional paid-in capital, at December 31, 2021 Retained earnings, at January 1, 2021 Retained earnings, at December 31, 2021 Total Stockholders' Equity, at December 31, 2021