i $($Click the icon to view the statement.$)$

Required

Requirement $1.$ What does the $$0\mathrm{.}20$ mean for preferred shares? If Sloboda Corporation issued $4,000$ preferred shares, how much in cash dividends will Sloboda Corporation expect to pay per year?

$$0\mathrm{.}20$ is the annual dividend rate on preferred shares. Annual dividend on $4,000$ shares is $$800.$

Requirement $2.$ At what average price per share did Sloboda Corporation issue the common shares? $($Round to the nearest cent.$)$

Issue price of common shares during the year is $$8\mathrm{.}75$ per share.

Requirement $3.$ Were first$-$year operations profitable? Give your reason.

First$-$year operations were not profitable as shown by the deficit in Retained Earnings