Graded Homework Saved Help Sav Required information [The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2819 April 30, 2019 $ 7,800,000 57.800,eee Paid-in capital: Preferred stock, $130 par value, 64, cumulative, 100,000 shares authorized, 60,000 shares issued and outstanding Common stock, 34 par value, 680,000 shares authorized, 350,000 and 330, eee shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 19,000 shares and 18,000 shares, respectively Total stockholders' equity 7 14,608,000 12,800, 800 1,320,000 14,800,000 11,724,000 (1,748,808) $ 2 (1,728,800) $33, 116,000 Required: a. Calculate the amount that should be shown on the balance sheet for common stock at May 31, 2019. Common stock Required information [The following information applies to the questions displayed below) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: May 31, 2019 April 30, 2019 $ 7,800,000 $ 7,800,000 Paid-in capital: Preferred stock, $130 par value, 6%, cumulative, 100,000 shares authorized, 60,000 shares issued and outstanding Common stock, $4 par value, 680,000 shares authorized, 350,000 and 330,000 shares issued, respectively Additional paid-in capital Retained earnings Less: Treasury common stock, at cost; 19,000 shares and 18,000 shares, respectively Total stockholders' equity 14,680,000 12,000,000 1,320,000 14,000,000 11,724,000 (1,748,000) $ 7 (1,728,000) $33,116,000 b. The only transaction affecting additional paid-in capital during the month of May was the sale of additional common stock. At what price per share were the additional shares sold? (Round your answer to 2 decimal places.) Price per share Required information [The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets: Paid-in capital: May 31, 2019 April 30, 2019 Preferred stock, $130 par value, 6%, cumulative, 100,000 shares authorized, 60,000 shares issued and outstanding $ 7,800,000 5 7.888,888 Common stock, $4 par value, 680,000 shares authorized, 350,000 and 330,880 shares issued, respectively 7 1,320,000 Additional paid-in capital 14,688,888 14,800,000 Retained earnings 12,088,888 11,724,000 Less: Treasury common stock, at cost: 19,000 shares and 18,000 shares, respectively (1,748,000) (1,728,000) Total stockholders' equity $ $33, 116,000 c. What was the average cost per share of the common stock purchased for the treasury during the month? Cost per share Help Save Required information The following information applies to the questions displayed below.) Bacon Inc. has the following stockholders' equity section in its May 31, 2019, comparative balance sheets May 31, 2019 April 30, 2019 Paid-in capital: Preferred stock, $130 par value, 68, cumulative, 100,000 shares authorized, 60,000 shares issued and outstanding $ 7,888,888 $ 7,800,000 Common stock, $4 par value, 600,000 shares authorized, 350,000 and 330,000 shares issued, respectively 7 1,320,989 Additional paid in capital 14,600,000 14,680,000 Retained earnings 12,000,000 11,724,000 Less: Treasury common stock, at cost; 19,000 shares and 18,000 shares, respectively (1.748,600) 61,728,888) Total stockholders' equity $ 7 $33, 116,00 d. During May, dividends on preferred stock equal to one-half of the 2019 dividend requirement were declared and paid. There were no common dividends declared or paid in May. Calculate net income for May. Net Income
