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Dividends Per Share Windborn Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following
Dividends Per Share Windborn Company has 15,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends: 20Y1 $75,000 12,000 20Y2 2013 90,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Preferred Stock (dividends per share) $ 0.2 x Common Stock (dividends per share) 20Y1 2092 20Y3 Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. $1,120,000 Common Stock, $70 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 56,000 160,000 Retained Earnings 650,000 Treasury Stock 26,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $70 Par (20,000 Shares Authorized, 16,000 Shares Issued) $ 1,120,000 Excess of Issue Price Over Par 160,000 Paid-in capital, common stock From Sale of Treasury Stock 56,000 Total paid-in capital Retained Earnings Total Treasury Stock Total stockholders' equity
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