Answer the following questions based on the stockholders' equity section given above: (a) What is the total amount of legal capital? (b) What is the total amount of dividends paid annually to the preferred stockholders? (c) What is the average issue price of a share of common stock? (d) The balance in retained earnings at the beginning of the current year was $1,351,500, and there were no dividends in arrears. Net income for the current year was $700,000. What is the amount of the dividends declared on each share of common stock during the current year? Q3: At the beginning of 2018, Falcon Corporation had 2 million shares of $2 par value common stock outstanding and retained earnings of $17 million. During 2018. Falcon earned $12 million, declared a 5% stock dividend when the price of the stock was $19 per share, and paid a year-end cash dividend of $2.50 per share. (The cash dividend was declared after the stock dividend had been distributed.) At the end of 2018, what are the company's retained earnings? Q4: At the beginning of the current year, King Cole, Inc. had 300,000 shares of capital stock outstanding and total stockholders' equity of $1,200,000. During the year, the company earned net income of $325,000, declared cash dividends of $150,000, distributed a 5% stock dividend of 15,000 shares when the market price of the stock was $16 per share, and purchased 3,000 shares of treasury stock at a cost of $13 per share. Compute the following at the end of the current year: (a) Total stockholders' equity: (b) Number of shares of stock outstanding: (c) Book value per share