Current Attempt in Progress

At January $1,2023,$ Sandhill Limited's outstanding shares included the following:

$271,000$$$50$ par value, $7\%,$ cumulative preferred shares

$1,040,000$ common shares

Net income for $2023$ was $$2,072,000.$ No cash dividends were declared or paid during $2023.$ On February $15,2024,$ however, all preferred dividends in arrears were paid, together with a $5\%$ stock dividend on common shares. There were no dividends in arrears before $2023.$

On April $1,2023,500,000$ common shares were sold for $$11$ per share, and on October $1,2023,310,000$ common shares were purchased for $$22$ per share.

The financial statements for $2023$ were issued in March $2024.$