Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet Paid-in capital: 12% preferred stock, $60 par value, 1,000 shares authorized, issued, and outstanding Common stock, $8 par value, 50,000 shares authorized, ? shares issued, ? shares outstanding Additional paid-in capital on common stock Additional paid-in capital from treasury stock Retained earnings Less: Treasury stock, at cost (1,000 shares of common) ? 120,000 270,000 6,500 48,500 (9,000) Total stockholders' equity ? Required: a. Calculate the amount of the total annual dividend requirement on preferred stock. Annual dividend b. Calculate the amount that should be shown on the balance sheet for preferred stock. Balance sheet amount c. Calculate the number of shares of common stock that are issued and the number of shares of common stock that are outstanding. Number shares issued Number shares outstanding d. On January 1, 2016, the firm's balance sheet showed common stock of $105,000 and additional paid-in capital on common stock of $234,375. The only transaction affecting these accounts during 2016 was the sale of common stock. Calculate the number of shares that were sold and the selling price per share. Number shares sold Selling price per share e. Choose the transaction that resulted the additional paid-in capital from treasury stock Treasury stock was resold at a price greater than its cost. Treasury stock was purchased at a price greater than its cost. Treasury stack was resold at a price lesser than its cost. $45.150. Net income r the past 11 months was $12,000. Preferred stock dividends for all of 2016 have been declared and paid. Calculate the amount of dividends on common stock during the first 11 months of 2016, Common stock dividends