1.Given the following for the Vitale Company; the company began operations on 1/1/1. Preferred Stock, 4%, cumulative Common Stock $20,000 Cash Dividends paid

Year 1 $1100

Year 2 $700 Year 3 $1500 Year 1 Dividends received by the Preferred shareholders is: common stock is: Year 2 Dividends received by the Preferred shareholders is: common stock is: Year 3 Dividends received by the Preferred shareholders is: common stock is:

2. Specialty Packaging Corporation began business on March 1, 2013 by issuing 20,000 shares of common stock. The stock has a $1 par value but sold for $8 per share. At December 31, 2013, the common stock had a market value of $6. On its December 31, 2013 balance sheet, Specialty Packaging would report

3. treasury stock is closed or no closed