19.

Assume you own 1,000 shares of common stock with a $6 par value and $8 market value. The company has a 2:1 stock split. (a.) What is the total par value before the stock split? (b.) What is the total market value before the stock split? (c.) How many shares of stock do you own after the stock split? (d.) What is the new par value per share after the stock split? (e.) What is the new market value per share after the stock split? (f.) What is the total par value after the stock split? (g.) What is the total market value after the stock split?

20. Calculate ending retained earnings as of 12/31/20from the below info from 2020 (not all information will be used):

Net income $185,000

Retained earnings 1/31/20 $1,585,000

Equipment purchased $85,000

Bond principal payments $25,000

Proceeds from long-term debt $130,000

Cash dividends paid $120,000

Stock dividends issued $150,000

21. Ellie Inc. has 6% cumulative preferred stock, $10 par value, 20,000 shares authorized, 12,000 shares issued and outstanding. Calculate the following:

(a). Annual dividend payment.

(b). If dividends were not paid out for the last 2 years, what would the total dividend payment be this year?

(c). If only 10,000 shares were outstanding, how many shares would be considered treasury stock?