Krystle corporation

Treasury stock (,o00 shares at cost Total shareholders' equity 6.000 294,000 What is the average price for which a share of stock was issued A) 56.00 B) s7.3s C) $5.00 D) 51.00 24) Out of Africa, a multi-national corporation had a very successful year. The board of directors declared and paid a cash dividend of $50,000. The prior year, Out of Africa did not pay dividends on its 400 shares of cumulative, 8%, $100 par, preferred stock, How much of the cash dividend was paid to the PREFERRED shareholders? A)$4,000 B) $8,000 C) $6,400 D) $3,200 25) Equitable, Inc issued no new common stock and had 100,000 shares issued and outstanding during 25) The following information is taken from Equitable's accounting records: Net income for the year ended, December 31, 2011 $370,000 eanings, December 31, 2010 Retained earnings, December 31, 2011 otal What was the dividend declared during the year ended December 31, 20117 A) $290,000 B) 5360,000 C) $365,000 D) $725,000 BONUSSHOW ALL YOUR WORK7 points 26) On January 1, 2011, Ajax Corporation signed a $1,000,000, 7%, 10-year mortgage note to buy a new warehouse. The note will be repaid in 10 equal annual installments of $142,378. The first payment was made on December 31, 2011. How much of the second mortgage payment was interest? Round your answer to the nearest dollar