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Blue Spruce Corp. decided to issue common stock and used the $414,500 proceeds to redeem all of its outstanding bonds on January 1,2022. The following
Blue Spruce Corp. decided to issue common stock and used the $414,500 proceeds to redeem all of its outstanding bonds on January 1,2022. The following information is available for the company for 2022 and 2021 2022 Net income $183.500 Dividends declared for preferred stockholders 8,900 Average common stockholders' equity 1,107.500 Total assets 1,408,800 Current liabilities 199,000 Total liabilities 301,300 2021 $147,500 8,900 693,000 1,408,800 199,000 715,800
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