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Min Co. is a publicly held company whose shares are traded in the over-the-counter market. The stockholders equity accounts at December 31 20x1, had the

Min Co. is a publicly held company whose shares are traded in the over-the-counter market. The stockholders equity accounts at December 31 20x1, had the following balances:

Preferred stock $100 par value, 6% cumulative; 5,000 shares authorized;

2,000 shares issued and outstanding $200,000

Common stock, $1 par value, 150,000 shares authorized, 100,000 issued and outstanding $100,000

Additional paid-in capital $800,000

Retained earnings $1,586,000

Total stockholders equity $2,686,000

Transactions during 20x2 and other information relating to the stockholders equity accounts were as follows:

--February 1, 20x2: Issued 13,000 shares of common stock to Ram Co. in exchange for land. On the date issued, the stock had a market price of $11 per share. The land had a carrying value on Rams books of $135,000, and an assessed value for property taxes of $90,000.

--March 1, 20x2: Purchased 5,000 shares of its own common stock to be held as treasury stock for $14 per share. Min uses the cost method to account for treasury stock. Transactions in treasury stock are legal in Mins state of incorporation.

--May 10, 20x2: Declared a property dividend of marketable securities held by Min to common shareholders. The securities had a carrying value of $600,000; fair value on relevant dates were:

Date of declaration (May 10, 20x2) $720,000

Date of record (May 25, 20x2) $758,000

Date of distribution (June 1, 20x2) $736,000

--October 1, 20x2: Reissued 2,000 shares of treasury stock for $16 per share.

--November 4, 20x2: Declared a cash dividend of $1.50 per share to all common shareholders of record November 15, 20x2. The dividend was paid on November 25, 20x2.

--December 20, 20x2: Declared the required annual cash dividend on preferred stock for 20x2. The dividend was paid on January 5, 20x3.

--January 16, 20x3: Before closing the accounting records for 20x2, Min became aware that no amortization had been recorded for 20x1 for the patent purchased on July 1, 20x1. Amortization expense was properly recorded in 20x2. The patent was properly capitalized at $320,000 and had an estimated useful life of eight years when purchased. Mins income tax rate is 30%. The appropriate correcting entry was recorded on the same day.

--Adjusted net income for 20x2 was $838,000

Calculate the following amounts to be reported on Mins financial statements at December 31, 20x2:

Prior period adjustment ______________

Preferred dividends, 20x2 ______________

Common dividendscash 20x2 ______________

Common dividendsproperty 20x2 ______________

Number of commons shares issued at December 31, 20x2 ______________

Amount of common stock issued ______________

Additional paid-in capital, including treasury stock transactions ______________

Treasury stock ______________

Book value per share at December 31, 20x1, before prior period adj. ______________

Numerator used in calculation of 20x2 earnings per share for the year ______________

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