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could anyone show me the steps to get these answers? year. Net income for the year was 54,800,000, and Donnell distributed a cash dividend of

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year. Net income for the year was 54,800,000, and Donnell distributed a cash dividend of $4 per share on its common stock. Eamine per Share amounted to $8.80 $4.00 $8.00 d $2.00 CHAPTER 12 - Continued The stockholders' equity section of the balance sheet of Global Publishing at December 31, 2017, appears as follows: Stockholders' equity 5% preferred stock, S100 par, 50.000 shares authorized, 2 shares issued $1.200.000 Common stock, S2 par, 500,000 shares authorized, 140.000 shares issued, of which are held in treasury 280,000 Additional paid-in capital: From issuance of preferred stock.................... ....... 288.000 From issuance of common stock.................. 840,000 From treasury stock transactions......................... 16,000 From common stock dividends........... 400,000 Total paid-in capital..... $3,024,000 Retained earnings ($112.000 equal to cost of treasury stock is not available for dividends) 880.000 $3,904,000 Less: Treasury stock (at cost: 14,000 common shares)................ (112.000) Total stockholders' equity............. $3.792.000 Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before 2017. Refer to the above data. What was the average issue price per share of preferred stock? a $80. b $100. $124. d $148. Refer to the above data. How many shares of common stock are outstanding? a 140,000. 126,000. 500,000. d 120,000. Refer to the above data. A small stock dividend of 5,000 shares was declared and distributed during 2017. What was the market price per share on the date of declaration? @ $82 per share. b $80 per share. $2 per share. d $78 per share

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