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5. Preemptive Rights, Inc., has the following values on its balance sheet: Year 2 Year 1 Common stock ($1 par) $ 2,564,000 $ 2,400,000 Paid
5. Preemptive Rights, Inc., has the following values on its balance sheet: Year 2 Year 1 Common stock ($1 par) $ 2,564,000 $ 2,400,000 Paid in Surplus of Par $ 8,439,000 $ 8,000000 Retained Earnings $15,435,000 $14,328,000 a. How many shares of common stock did the firm have in each year? b. How many shares of stock did the firm issue during Year 2? C. How much money was raised above the $1 par value for these new shares? d. What must have been the selling price of each share of the new stock on average? e. If the firm paid $500,000 in dividends during Year 2, what was its net income
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