Analyze equity section of balance sheet. (LO 1, 2, 3)

Answer the following questions using the shareholders' equity section of Fantasy Films Corporation's balance sheet at June 30 .

a. How many shares of common stock are outstanding?

b. On average, what was the issue price of the common shares issued?

c. What is the par value of the preferred stock?

d. If the total annual dividend on preferred stock is \(\$ 25,200\), what is the dividend rate on preferred stock?

e. On average, how much per share did the company pay for the treasury stock?

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Shareholders' equity Preferred stock, cumulative, 15,000 shares authorized, 4,000 shares issued and outstanding Additional paid-in capital, preferred stock Common stock, $0.05 par, 500,000 shares authorized, 250,000 shares issued Additional paid-in capital, common stock $ 420.000 40,000 12,500 675,000 Retained earnings 1,005,000 2,152,500 Less: Treasury stock (4,000 common shares) (13,000) Total shareholders' equity $2,139,500