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please answer part 1, 2, 3, 4 here is a better picture QUESTION 1 Henderson, Inc had the following accounts in its stockholder's equity section

please answer part 1, 2, 3, 4 image text in transcribed
here is a better picture image text in transcribed
QUESTION 1 Henderson, Inc had the following accounts in its stockholder's equity section of the December 31, 2020 Balance Sheet Preferred stock, $5 par, 8% $ 150,000 PIC-in excess of par-common 1,200,000 Common stock, $1 par 350,000 PIC in excess of par-Common stock 1.200.000 Retained eamings 2,900,000 Treasury stock (15,000 common stock) 111,000 INSTRUCTIONS COMPUTE or JOURNALIZE THE FOLLOWING 2020 questions or transactions. Part 1 is independent of Part 2etc. Do not refer to the inform information above NOTE YOU MUST SHOW ALL DETAILED COMPUTATIONS TO EARN FULL CREDIT Part 1: a. How many shares of (1) common stock and (2) preferred stock are outstanding at December, 31, 2020? b. Declared and paid a $ 25/share cash dividend on common stock c. What is the annual STATED dividend (5) per share of preferred stock? d. Declared and paid the annual STATED dividend on preferred stock. Part 2: Assume the preferred stock is cumulative and in arrears 1 year (no dividends in 2020) a Declared and paid a Cash dividend to preferred and common. The total dividend paid was $37,000 Part 3 a. Declared and distributed a 20% stock dividend on common stock. The market value of the common stock was 56/share. b. How many shares of common stock and (2) preferred stock are outstanding after the 20% common stock dividend Part 4 a. Declared a 3-for-1 stock split on the common shares. RECORD PROPERLY] b. How many shares of (1) common stock and (2) stock are outstanding after the 3-for-1 stock split QUESTION 1 Henderson, Inc. had the following accounts in its stockholder's equity section of the December 31, 2020 Balance Sheet Preferred stock, $5 par, 8% $ 150,000 PIC-in excess of par-common 1,200,000 Common stock $1 par, 350,000 PIC in excess of par-Common stock 1.200,000 Retained eamings 2,900,000 Treasury stock (15,000 common stock) 111.000 INSTRUCTIONS COMPUTE or JOURNALIZE ME THE FOLLOWING 2020 questions or transactions. Part 1 is independent of Part 2, et information above. NOTE YOU MUST SHOW ALL DETAILED COMPUTATIONS TO EARN FULL CREDIT Part 1: a How many shares of (1) common stock and (2) preferred stock are outstanding at December 31 2020? b. Declared and paid a $.25/share cash dividend on common stock c. What is the annual STATED dividend (5) per share of preferred stock? d. Declared and paid the annual STATED dividend on preferred stock. Part 2: Assume the preferred stock is cumulative and in arrears 1 year (no dividends in 2020) a. Declared and paid a Cash dividend to preferred and common. The total dividend paid was $37,000 E Part 3 a. Declared and distributed a 20% stock dividend on common stock The market value of the common stock was $6/share. b. How many shares of (1) common stock and (2) preferred stock are outstanding after the 20% common stock dividend, Part 4: a. Declared a 3-for-1 stock split on the common shares. [RECORD PROPERLY] b. How many shares of (1) common stock and (2) stock are outstanding after the 3-for-1 stock split

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