900,000 750,000 $20 $30 Number of common shares authorized Number of common shares issued Par value of common shares Par value of cumulative preferred shares Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock Total retained earnings before the stock dividend is declared No treasury share have been reissued. $7,000,000 $0 $33,500,000 Preferred Dividends Common Dividends Total Cash Dividends Year Total Per Share Total Per Share 0.00 Year 1 40,000 0.20 Year 2 72,000 0.36 0 0.00 Year 3 122,000 40,000 72,000 68,000 60,000 60,000 0.34 0.09 54,000 90,000 Year 4 150,000 0.3 0.15 Year 5 168,000 0.3 108,000 0.18 Year 6 240,000 60,000 0.3 180,000 0.3 Stock Dividend The company declared a 2% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $26 on December 1, and is $32 on the actual distribution date of the stock, December 31. Fill in the missing information in the following table, using the information given and your work on the other panels. All "before" items are before the stock dividend was declared. All "after"items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total paid-in capital before the stock dividend Total retained earnings before the stock dividend Total stockholders' equity before the stock dividend 33,500,000 Total paid-in capital after the stock dividend $ Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend