1) Groh and Jackson are partners. Groh's capital balance in the partnership is $56,500, and Jackson's capital balance is $53,500. Groh and Jackson have agreed to share equally in income or loss. Groh and Jackson agree to accept Block with a 20% interest. Block will invest $36,500 in the partnership. The bonus that is granted to Groh and Jackson equals: $0, because Groh and Jackson actually grant a bonus to Block. $1,875 each. 1,875 to Groh; $1,825 to Jackson. $3,600 each. $3,650 each. 2) A corporation sold 12,000 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: A debit to Paid-in Capital in Excess of Par Value, Common Stock for $12,000. A debit to Cash for $120,000. A credit to Common Stock for $120,000. A credit to Common Stock for $132,000. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $132,000. 3) A company has net income of $880,000; its weighted-average common shares outstanding are 176,000. Its dividend per share is $1.15, its market price per share is $102, and its book value per share is $97.0. Its price-earnings ratio equals (Do not round your intermediate calculations): 20.40. 5.00. 19.40. 3.85. 6.15. 4) A company has 1,200 shares of $10 par value, 5.5% cumulative and nonparticipating preferred stock and 12,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: $820. $500. $1,320. $160. $660. 5) A corporation declared and issued a 25% stock dividend on November 1. The following information was available immediately prior to the dividend: Retained earnings $770,000 Shares issued and outstanding 62,000 Market value per share $17 Par value per share $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: $(263,500). $263,500. $(77,500). $77,500. $0. 6) A company has 41,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $483,800, and the par value per common share is $10. The book value per share is: $48.38. $0.08. $1.80. $10.00. $11.80. Please explain the calculation if possible, thanks