please answer question 8

d. What's the accumulated postretirement benefit obligation at the end of 2019? 7. The shareholders' equity of HS Corporation includes $300,000 of $1 par common stock and $600,000 par of 6% cumulative preferred stock. The board of directors of HS declared cash div- idends of $70,000 in 2018 after paying $30,000 cash dividends in 2017 and $50,000 in 2016. Required: What's the amount of dividends common shareholders will receive in 2018? 3. On December 31, 2017, Jackson Company had 100,000 shares of common stock outstanding and 30.000 shares of 7%. $50 par, cumulative preferred stock outstanding, On February 28, 2018, Jackson purchased 24,000 shares of common stock on the open market as Treasury stock for $35 per share. Jackson sold 6,000 treasury shares on September 30, 2018 for $37 per share. Net income for 2018 was $180,905. Also outstanding during the year were fully vested incentive stock options giving key personnel the option to buy 50,000 common shares at $40. The market price of the common shares averaged $39 during 2018 Required: Compute Jackson's basic and diluted earnings per share (rounded to two decimal places) for 2018 (Continued on next page) 3 termediate Accounting 2