Francis Inc. has the following stockholders' equity section in its November 3:]: 2019, balance sheet: Paid-in capital: 12% preferred stock, $6!) par value: LUCIE] shaIes authorised: issued, and outstanding Common stock, $3 par value, 50,0fl shares authorised, ? shares issued, E\" shares outstanding Additional paid-in capital on common stock Additional paid- in capital from treasury stock Retained earnings Less: Treasury stock, at cost [LIME] shares of common) Total stockholders' equity 120,03!) ZTUJIIIIIJ j 43,5EID {fi} Required: a. Calculate the amount of the total annual dividend requirement on preferred stock. b. Calculate the amount that should he shown on the balance sheet for preferred stock. c. Calculate the number of shares of common stock that am issued and the number of shares of common stock that are outstanding. d. [In January 1, 2019, the firm's balance sheet showed common stock of $1US,IIIIJIJ and additional paid-in capital on common stock of $234,375. The only transaction affecting these accounts during 219 was the sale of common stock. Calculate the number of shares that were sold and the selling price per share. e. Choose the transaction that resulted in the additional paid-in capital from treasury stock. f. The retained earnings balance on January 1, EH19, was $45,150. Net income for the past 11 months was $12,0IJIJ. Preferred stock dividends for all of EMS have been declared and paid. Calculate the amount of dividends on common stock during the first 11 months of 2019