8. Par For the Course, Inc.'s financial statement included the following

8. Par For the Course, Inc.'s financial statement included the following section: Preferred stock, $100 par, 5% noncumulative Common stock, $2 par value Additional paid-in capital, common stock Retained earnings Treasury stock (1,000 shares) Total shareholders' equity 12/31/19 $ 40,000 60,000 480,000 60,000 (8,000) 1. 2. 3. 4. 5. 6. 7. From which financial statement did the above information come? How many shares of common stock have been issued? What was the average selling price of a share of common stock? How many shares of preferred stock are issued? If you hold one share of the preferred stock, how much of a dividend would you expect for the year? Beginning retained earnings is $50,000 and net income is $17,800. How much of the dividends go to the common shareholders? If you hold one share of the common stock, how much of a dividend would you receive?