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Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Paid-in capital: $ ? 19% preferred stock, $50 par value,
Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Paid-in capital: $ ? 19% preferred stock, $50 par value, 1,500 shares authorized, issued, and outstanding Common stock, $9 par value, 130,000 shares authorized, 2 shares issued, ? shares 280,000 560,000 outstanding Additional paid-in capital on common stock Additional paid-in capital from treasury stock Retained eanings Less: Treasury stock, at cost (1,400 shares of common) 88,000 m) Total stockholders' equity Required a. Calculate the amount of the total annual dividend requirement on preferred stock. (Do not round intermediate calculations.) ual 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 outstandin
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