localor-assignment-take&inprogress-false Calculator Pranks, Inc is a manufacturer of joke and novelty products for perpetralors of practical jokes The corporation has paid several cash divedends throughout 20Y6, the current year its also decanng a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultsnt lo assist with this process, and also to help detemine whether some msing infomabon can be determined before the distrbution of the stock dividend is made The company has hwo classes of stock common stock and cumulalive prefered stock You've been able to retrieve the folowing information so far Number of common shares authorized 800,000 Number of common shares issued 650,000 Par value of common shares $20 Par value of cumudative preferred shares $30 Paid in capital in excess of par-common stock $7,000,000 $0 Paid in capital in excess of par-preferred stock $33,500,000 Total retained eamings before the stock dividend is declared No treasury shares have been reissued Common Dividends Preferred Dividends Total Cash Per Share Per Share Total Total Year Dividends so 00 $20,000 so $20,000 s0 20 20Y1 0.00 0.36 36000 30,000 20Y2 0 09 54000 34,000 034 8000 20Y3 0 15 0,000 0 30 30,000 20Y4 120,000 0 10 108000 30,000 030 20YS 138 000 030 180 000 30000 030 210 000 20Y6 Next Check Hy Work Submit Assignmet or Ge e ant Enrnstrutor 117 AM 4d4 SP ON20 Cash Dividends The accounting manager for the conmpany peepared the schedule of cash dividends paid om 20Y1 to 20Y6 on the Pranks, Inc panel However, one of the reasons for Prarks, Incs g inomaon that the manager is away on vacation and is unreachable by phone because he is backpackng on a memte island tat does not hove cell phone recepton Marggenwoud e you to deteme somes information from the data you've collected regarding its gutstanding stodk Fll in the folloing answers How many shares of common stock are outstanding? How many shares of preferred stock are outstanding? What is the preferred dividend as a percent of par? Additional Question In which years has Pranks, Inc pa all that apply efere ends in arears Year 1 Year 2 Year 3 Next Check My Work Sbmit Assignent for dradng Sve andae Ema Instructo 118 AM Calculator Additional Question In which years has Pranks, Inc paid cumulative preferred dividends in arrears? Check all that apply Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Stock Dividend The company declared a 2% common stock dividend on December 1, and would like you to compute the following December 1, and is $30.00 on the actual distribution date of the stock, December 31 Fill in the missing information in the following table using the information given and your work on the other panels stock dividend was declared and closing entries were recorded at the end of the year Check My Work Calculator The company declared a 2 % common stock dividend on December 1, and would like you to compute the following pieces of missing inloation The market value of the common shares is $26 00 on December 1, and is $30.00 cn the actual distribution dale of the stock, December 31 F in the missing indormation in the following table, usang the information given and your work on the other panels. Al "before dems are before the stock dividend was declared All after dems are affer the stock dividend was declared and closing entries were recorded at the end of the year Total paid in capital before the slock dividend Total retained eamings before the stock dividend Total stockholders' equty before the stock dividend Total paid-in capital after the stock dividend Total retained eamings after the stock dividend Total stockholders equity ater the stock dividend Points 0/6 Feedback Check My Work Review the definitions of paid-in capital, retained eamings, and stockholders equity Aso look at how the issuance of stock dividends changes these anounts Next Check My Work arstructor Sand Submit Assignment for Grading All work saved 119 AM 40 ESP 928/2019