P11-2

s Corpor ation on January 1, 2017, were ons, post, P11-2A The s 3 as follows $300,000 Preferred Stock (7% $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value Common Stock Retained Earnings te ratios. 1,000,000 15,000 480,000 688,000 40,000 Treasury Stock (5,000 common shares) t2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 5,000 shares of common stock for $30,000. Oct. Nov. 1 Paid the dividend declared on October 1 Dec Declared a $0.50 per share cash dividend to common stockholders of record on Purchased 1,000 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. u: 20 1 December 15, payable December 31, 2017. Determined that net income for the year was $280,000. Paid the dividend declared on December 1. 31