Paid$-$in capital:Paid$-$in capital:

$$4\mathrm{.}5$ Preferred stock, $ $?$ par value, cumulative, $40,000$ shares authorized,

$24,000$ shares issued and outstanding

Common stock, $$2$ par value, $4,00,$ shares authorized, $900,$ shares issued,

$729,000$ shares outstanding

Additional paid$-$in capital on common stock $5,070$

Retained earnings

Less: Treasury common stock, at cost$,?$ shares

Total stockholders' equity

Required:

a$.$ Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.

b$.$ Calculate the amount that should be shown on the balance sheet for common stock at June $30,2022.$

c$.$ What was the average issue price of common stock shown on the June $30,2022,$ balance sheet?

d$.$ How many shares of treasury stock does DeZurik Corporation own at June $30,2022?$

e$.$ Assume that the treasury shares were purchased for $$15$ per share. Calculate the amount that should be shown on the balance

sheet for treasury stock at June $30,2022.$

f$.$ Calculate the retained earnings balance at June $30,2022,$ after you have completed parts a to e$.($Hint: Keep in mind that Treasury

Stock is a contra account.$)$

g$.$ Assume that the Retained Earnings balance on July $1,2021,$ was $$9,702,082($in thousands$)$ and that net income for the year ended

June $30,2022,$ was $$918($in thousands$).$ The $2022$ preferred dividends were paid in full, and no other dividend transactions were

recorded during the year. Verify that the amount shown in the solution to part $f$ is correct. $($Hint: Prepare a statement of retained

earnings or do a T$-$account analysis to determine the June $30,2022,$ balance.$)$

$$4\mathrm{.}5$ Preferred stock, $$?$ par value, cumulative, $40,000$ shares authorized,

$24,000$ shares issued and outstanding

$$1,430$

Common stock, $$2$ par value, $4,000,000$ shares authorized, $900,000$ shares issued,

$729,000$ shares outstanding

Additional paid$-$in capital on common stock

$5,070$

Retained earnings

Less: Treasury common stock, at cost$,?{?}_{?}$ shares

Total stockholders' equity

Required:

a$.$ Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage.

b$.$ Calculate the amount that should be shown on the balance sheet for common stock at June $30,2022.$

c$.$ What was the average issue price of common stock shown on the June $30,2022,$ balance sheet?

d$.$ How many shares of treasury stock does DeZurik Corporation own at June $30,2022?$

e$.$ Assume that the treasury shares were purchased for $$15$ per share. Calculate the amount that should be shown on the balance

sheet for treasury stock at June $30,2022.$

f$.$ Calculate the retained earnings balance at June $30,2022,$ after you have completed parts a to e$.($Hint: Keep in mind that Treasury

Stock is a contra account.$)$

g$.$ Assume that the Retained Earnings balance on July $1,2021,$ was $$9,702,082($in thousands$)$ and that net income for the year ended

June $30,2022,$ was $$918($in thousands$).$ The $2022$ preferred dividends were paid in full, and no other dividend transactions were

recorded during the year. Verify that the amount shown in the solution to part $f$ is correct. $($Hint: Prepare a statement of retained

earnings or do a T$-$account analysis to determine the June $30,2022,$ balance.$)$