1. Statement of Retained Earnings Use the following information to find dividends paid to common stockholders during 2008.

Balance of Retained Earnings, December 31, 2007		$25.0 m
Plus: Net Income for 2008		75.0 m
Less: Cash Dividends Paid
Preferred Stock	$6.5 m
Common Stock	? m
Total Cash Dividends Paid		? m
Balance of Retained Earnings, December 31, 2008		$10.0 m

2. Statement of Cash Flows In 2008, Lower Case Productions had cash flows from investing activities of +$60,000 and cash flows from financing activities of +$82,000. The balance in the firm's cash account was $116,000 at the beginning of 2008 and $83,000 at the end of the year. What was Lower Case's cash flow from operations for 2008?

3. Statement of Retained Earnings Triplette, Corp. began the year 2008 with $5.02 million in retained earnings. The firm earned net income of $10.12 million in 2008 and paid $2.12 million to its preferred stockholders and $1.12 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Triplette?

4. Balance Sheet Nicole Corporation's year-end 2009 balance sheet lists current assets of $758,000, fixed assets of $608,000, current liabilities of $537,000, and long-term debt of $692,000. What is Nicole's total stockholders' equity?

5. Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $901,500, Interest expense = $90,000, and Net income = $571,500. What is the 2008 Taxes reported on the income statement?