Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Required: a. Calculate the amount of the total annual dividend requirement on preferred stock. b. Calculate the amount that should be shown on the balance sheet for preferred stock. c. Calculate the number of shares of common stock that are issued and the number of shares of common stock that are outstanding. d. On January 1, 2016, the firm's balance sheet snowed common stock of exist210,000 and additional paid-in capital on common stock of exist410,000. 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. e. Choose the transaction that resulted in the additional paid-in capital from treasury stock. Treasury stock was purchased at a price greater its cost. Treasury stock than was resold at a price lesser than its cost. Treasury stock was resold at a price greater than its cost. f. The retained earnings balance on January 1, 2016, was exist98,000. Net income for the past 11 months was exist35,000. 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