has authorized 100,000 shares at $100 par. As of 2020, the company has issued 75,000 shares at an average of $145 per share. During the year, the company has reacquired previously 5,000 issued shares at $150 per share. On Dec 1, the board of directors has declared 20% stock dividend when the market price is P175 per share.

How much is the contributed capital at the end of 2020? $___

How much dividend was declared during the year? $__

How much is the shareholders equity at the end of 2020? $___

1. Ephram Company has 2,000 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2020. No dividends have been paid on this stock for 2018 and 2019. Dividends in arrears at December 31, 2020 total

   		$10,000.
   		$1,000.
   		$20,000.
   		$0.