1) Based on the following information, answer the questions below

Partial View: Stockholder's Equity @ yearend

7% cumulative preferred stock, $100 par value, authorized 300,000 shares $2,600,000

Common stock, $2 par value, authorized 800,000 shares $720,000

Additional paidin capital: Common stock $6,980,000

Retained earnings $2,700,000

A. How many shares of preferred stock have been issued?

B. What is the total amount of preferred dividends required to be paid each year?

C. Assuming there are no dividends in arrears, what amount would have to be paid this year to the preferred shareholders before any dividends could be paid to common shareholders?

D. How many shares of common stock are outstanding?

E. What is the average issuance price per share of common stock?

F. What is the amount of legal capital?

G. What is the amount of paidin capital?

H. If retained earnings were $600,000 at the beginning of the year and if net income were $3,650,000, then what was the dividend declared during the year for each share of common stock?

I. If the company's shares are trading at $60/share and the Board of Directors decides to declare a 2for1 split, at what price would you expect the shares to trade for on the morning after the split goes into effect?

Any help would be beneficial!

Thank you!!!