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Kilgore Auto Parts reported the following information at December 31, 2004: Preferred stock, 10%, $50 par, cumulative; $ 50,000 Common stock, $1 par, 40,000 Additional
Kilgore Auto Parts reported the following information at December 31, 2004: Preferred stock, 10%, $50 par, cumulative; $ 50,000 Common stock, $1 par, 40,000 Additional paid-in capital - Common 50,000 Retained earnings 30,000 Total contributed capital and retained earnings $170,000 Less: Treasury stock (100 common shares at cost) (5,000) Total stockholders' equity $165,000 _____________ 1. How many shares of common stock are issued? _____________ 2. How many shares of preferred stock are issued? _____________ 3. How many common shares are outstanding? _____________ 4. What is the dividend per share that preferred shareholders
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