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please help Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout

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Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout 20Y6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. You've been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock You've been able to retrieve the following information so far Number of common shares authorized 800.000 Number of common shares issued 650,000 Par value of common shares $20 Par value of cumulative preferred shares $30 Paid-In capital in excess of par-common stor Paid-in capital in excess of par-preferred stock stock $7,000,000 $0 $0 Paid-in capital in excess of par-preferred stock $33,500,000 Total retained earnings before the stock dividend is declared Common Dividends Preferred Dividends Total Cash Per Share Total Total Per Share Dividends Year $0.00 $0 $0.20 $30,000 $30,000 201 0.00 0 0.36 54,000 54,000 202 0.09 36,000 0.34 51,000 87,000 203 0.15 60,000 0.30 45,000 105,000 20Y4 0.18 72,000 0.30 45,000 117,000 205 0.30 120,000 0.30 45,000 206 165,000 The company declared a 4% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $26.00 on December 1, and is $30.00 on the actual distribution date of the stock, December 31 Fill in the missing information in the following table, using the information given and your work on the other panels. All "before" items are before the stock dividend was declared. All "after" items are after the stock dividend was declared and closing entries were recorded at the end of the year Total paid-in capital before the stock dividend S Total retained earnings before the stock dividend 33,500,000 Total stockholders' equity before the stock dividend S Total paid-in capital after the stock dividend Total paid-in capital before the stock dividend $ 33,500,000 Total retained earnings before the stock dividend Total stockholders' equity before the stock dividend $ Total paid-in capital after the stock dividend $ 33,084,000 Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend

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