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Please answer (e) $600,000 2,900,000 Paid-in capital Preferred stock, cumulative, 10,000 shares authorized 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized,
Please answer (e)
$600,000 2,900,000 Paid-in capital Preferred stock, cumulative, 10,000 shares authorized 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized, 580,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity 3,500,000 1,158,000 4,658,000 32,000 $4,626,000 From a review of the stockholders' equity section, answer the following questions. a (a) How many shares of common stock are outstanding? 574000 shares (b) Assuming there is a stated value, what is the stated value of the common stock? $ 5 per share (c) What is the par value of the preferred stock? $ 100 per share (d) 96 If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? It dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? le) (e $ 1086000 Step by Step Solution
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