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At December 31, 2018 Swifty Corporation had 291000 shares of common stock and 10700 shares of 5%, $100 par value cumulative preferred stock outstanding. No
At December 31, 2018 Swifty Corporation had 291000 shares of common stock and 10700 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2019. On January 30, 2020, prior to the issuance of its financial statements for the year ended December 31, 2019, Swifty declared a 100% stock dividend on its common stock. Net income for 2019 was $1130000. In its 2019 financial statements, Swifty's 2019 earnings per common share should be
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