On January 1, 2018 Crown Corporation had 50,000 shares of Common Stock par Value $4.00. When issued in 2017, these stock were issued at par value In March of 2018, Crown issued an additional 9,000 share of Common Stock at $11.00 per share In June of 2018, Crown issued 5,000 shares of 6% Preferred Stock, par value $50.00 for $55.00 each In August 2018, Crown purchased on the open market 2,000 of it Common Stock for the Treasure at $12.00 per share 1 ASSIGNMENT: COMPLETE THE FOLLOWING INFORMATION In DOLLARS Paid in Equity in Excess of Par - Common Paid in Equity in Excess of Par- Preferred Preferred Stock Treasure Stock Stock January 1,2018 March-18 June-18 August-18 2) HOW MANY SHARES OF COMON ARE OUTSTANDING AT 12131/18 3 DECLARED A DIVIDEND OF $.50 to each COMMON SHARE OUTSTANDING TOTAL CASH DIVIDEND PAYABLE TO COMMON 4) DECLARED A DIVIDEND PREFERRED SHARE OUTSTANDING TOTAL CASH DIVIDEND PAYABLE TO PREFERRED 5)IfCrown had net income of $400,000 for the year, what would be the increase in RETAINED EARNING