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hapter 12 Mastery Problem Calculator Printem Gry Problem comp r anzato, S o ns, amor Pranks, Inc. Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year 6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing Information can be determined before the distribution of the stock dividend is made. The company has two dasses of stod common stock and cumulative preferred stock. Number of common shares authorized 800,000 Number of common shares issued 650,000 Par value of common shares Par value of cumulative preferred shares $30 Pald-in capital in excess of par-common stock $7,000,000 Paid in capital in excess of par preferred stock Total retained earnings before the stock dividend is dedared $33,500,000 $20 No treasury share have been reissued Preferred Dividends Common Dividends Total Cash Dividends Year Total Per Share Total Per Share 40.000 40,000 0.20 72.000 72.000 0.36 122.000 68.000 0.34 150,000 0.000 0.3 0 ore Check My Work usetre + O Type here to search as Common Dividends Total Per Share Total Per Share 10,000 0.20 Year 2 Total Cash Year Dividends Year 1 40,000 72,000 Year 3 122,000 Year 4 150,000 168,000 Year 6 240,000 Cash Dividends 0.34 54,000 72.000 68,000 60,000 60,000 60,000 90,000 108,000 180.000 The accounting manager for the company prepared the schedule of cash dividend paid from Year 1 Indormation is that the manager is anyon Vacation and is reachable by one, bech ishadd to determine some information from the data you've collected regarding its outstanding to on the ranks, Inc. However, one of the reasons for a nd that does not have sincs in the following as How many shares of common stock are outstanding How many shares of preferred stock are outstanding? 200.000 What is the preferred dividend as a percent of par? Assignment Score 18.18% Sewa Samet esgerler Gadong O Type here to search t e M L 2 O AssgnmentSessionlocatorprogress How many shares of common stock are outstanding? How many shares of preferred stock are outstanding? 200,000 What is the preferred dividend as a percent of par? Additional Questions 1. After completing the Cash Dividends panel, answer the following question. Does Pranks, Inc. have any treasury stock? How can you tell? Yes, because the number of shares authorized is greater than the number of shares issued. X 2. In which years has Pranks, Inc. paid cumulative preferred dividends in arrears? a. Year 1 b. Year 2 c. Year 3 d. Year 4 e. Year 5 f. Year 6 d. X more Check My Work uses remaining All Wok saved A nment Score: 11.10 Type here to search Stock Dividend The company dedared a common stock dividend on December 1, and would December 1, and is $32 on the actual distribution date of the stock. December 31 you to compute the following pieces of missing information. The market value of the common shares is $25 Fill in the missing information in the following table, using the information given and your work on the other panels. Alhore after the stock dividend was declared and design s were recorded the end of the s are before the stock dividend was declared Ara Total paid in capital before the stock dividend Total retained earnings before the stock dividend Total stockholders before the stock dividend Total paid in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders' equity after the stock duidend Review the definitions of din Capital retained a n d sto r e how uncerto de carges more Cho My Worming Assignment Score: 18.18% AWO 3 Type here to search