Question: what you need more . this is all the data mentioned in the book. statement of cash flows. Early in 1997, Parker. Industries was formed

 what you need more . this is all the data mentioned

what you need more . this is all the data mentioned in the book.

statement of cash flows. Early in 1997, Parker. Industries was formed with authonzation to issue 200.000 shares of 510 par value common stock and 30.000 shares of $100 par vafue cumulative preferred stock. During ,797, all the prefened stock wus issued at par, and 120,000 shares of common stock wer sold for $16 per share. The preferred stock is entitled to a dividend cqual io 10% of its par value before any dividends are paid on the common stock: During its At:t five years-of-business (V97 turuugi 2001), the company eamed income toialing $3,200,000 and paid dividends of 50 cents per share each year on the common slock outstanding. On January 2,1999, the company purchased 20,000 sharcs of its own common stock in the open market for $400,000. On January 2, 2001, it reissued 10,000 shares of this treasury stock for $250,000. The remaining 10,000 were still held in treasury at December 31,2001. Inslrucllons a. Prepare the stockholders' equity section of the balance sheet at December 31, 2001. Include supporting schedules showing (1) your computation of any paid-in capital on treasury stock and (2) retained carnings at the balance shect datc. (Hint: lncome increases retained earnings, whereas dividends reduce retained carnifgs. Dividends are not paid out shars st siock held in- b. As of December 31, compute the company's book value per share of common stock (Hint: Book value per share is compuled only on the shares of stock outstanding.). c. At,December 31,2001 , shares of the company's common stock were treding at 330 . Fxglain - what woufd have happened to the markei price per. share had the company split is siock 2 -for-1 at this date. Also explain what would have happened to the par value of the common stock and to the number of common shares outstanding

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