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Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Paid-in capital $ 13% preferred stock, $64 par value, 1,900
Francis, Inc., has the following stockholders' equity section in its November 30, 2016, balance sheet: Paid-in capital $ 13% preferred stock, $64 par value, 1,900 shares authorized, issued, and outstanding Common stock, $6 par value, 130,000 shares authorized, shares issued, shares outstanding 260,000 520,000 13,000 85,000 (18,000) Additional paid-in capital on common Additional paid-in capital from treasury stock stock Retained eamings Less: Treasury stock, at cost (1,500 shares of common) Total stockholders' equity Required a. Calculate the amount of the total annual dividend requirement on preferred stock. (Do not round intermediate calculations.) b. Calculate the amount that should be shown on the balance sheet for preferred stock. alance 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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