Please help me with these two questions. Thank you!
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The balance sheet of Patrick Management Consulting, Inc. at December 31, 2017, reported the following stockholders' equity: |(Click the icon to view the stockholders' equity section of the balance sheet.) During 2018, Patrick completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the general journal. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Feb. 6: Declared a 5% stock dividend on the common stock. The market value of Patrick's stock was $23 per share. Date Accounts and Explanation Debit Credit Feb. 6 Choose from any list or enter any number in the input fields and then click Check Answer. Data Table Stockholders' Equity Paid-In Capital: Common Stock-$12 Par Value; 150,000 shares authorized, 27,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon Total Paid-In Capital 324,000 340,000 664,000 165,000 Retained Earnings $ 829,000 Total Stockholders' Equity Feb. 6 Feb. 15 Declared a 5% stock dividend on common stock. The market value of Patrick's stock was $23 per share. Distributed the stock dividend. Purchased 1,900 shares of treasury stock at $23 per share. Declared a $0.15 per share cash dividend on the common stock outstanding. Jul. 29 Nov. 27 1. Record the transactions in the general journal. 2. Prepare a retained earnings statement for the year ended December 31, 2018. Assume Patrick's net income for the year was $86,000. 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Carr Company reported these figures for 2018 and 2017: (Click the icon to view the figures.) Read the requirements. Requirement 1. Compute Carr Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2018. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) ) = Earnings per share 2018 2017 Income Statement-partial: 7,700 $ 16,000 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: $ 270,000 $ 240,000 Total Assets Paid-In Capital: $ 40,000 $ 40,000 Preferred Stock-8%, $5 Par Value; 40,000 shares authorized, 8,000 shares issued and outstanding Common Stock-$2 Par Value; 45,000 shares 30,000 30,000 Common Stock-$2 Par Value; 45,000 shares 30,000 30,000 authorized; 15,000 shares issued and outstanding Paid-In Capital in Excess of ParCommon 19,000 46,500 19,000 42,000 Retained Earnings $ Total Stockholders' Equity 135,500 $ 131,000 1. Compute Carr Company's earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. 2. Compute Carr Company's pricelearnings ratio for 2018. Assume the company's market price per share of common stock is $9. Round to two decimals. 3. Compute Carr Company's rate of return on common stockholders' equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent
