PLEASE HELP second time submitting question since none were right the first time
Question is asking: The company declared a 2% common stock dividend on Dec. 1, and would like you to compute the following pieces of missing information. The market value of the common stock share is $26 on Dec. 1, and is $32 on the actual distribution date of the stock on Dec. 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 after the stock dividend was declared and closing entries were recorded at the end of the year.
(items not in oder because most is additional information, just need help on this portion)
The company has two classes of stocks: Common and Cumulative preferred stock
The company deciarud 2 common the divitund on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is 526 on December 1, and on the actual distribution date of the stock, December 31 Put in the missing information in the following tadile, unless the information given and your work on the other parts, Ad "before" items are before the stock dividend was declared AV "after"items are after the stock dividend was declared and closing entries were recorded at the end of the year. Total pald.in capital before the stock dividend 400,000 Total retained earnings before the stock dividend 33,500,000 Total stockholders gulty before the stock dividund Total paid in capital after the stock dividend Total retained earnings after the stock dividend Total stockholders' equity after the stock dividend 33,292,000 800,000 650,000 $20 $30 Number of common shares authorized Number of common shares issued Par value of common shares Par value of cumulative preferred shares Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock Total retained earnings before the stock dividend is declared No treasury share have been reissued. $7,000,000 $0 $33,500,000 Preferred Dividends Common Dividends Total Cash Dividends Year Total Per Share Total Per Share Year 1 0.20 0 0.00 30,000 54,000 Year 2 0.36 0 0.00 30,000 54,000 51,000 45,000 Year 3 87,000 0.34 36,000 0.09 Year 4 105,000 0.3 60,000 0.15 Year 5 45,000 0.3 72,000 0.18 117,000 165,000 Year 6 45,000 0.3 120,000 0.3 Cash Dividends How many shares of common stock are outstanding? 400,000 x How many shares of preferred stock are outstanding? 150,000 What is the preferred dividend as a percent of par? 1 % Total paid-in capital before the stock dividend Total retained earnings before the stock dividend 33,500,000 Total stockholders' equity before the stock dividend Total paid-in capital after the stock dividend Total retained earnings after the stock dividend 33,292,000 Total stockholders' equity after the stock dividend Number of common shares authorized 800,000 Number of common shares issued 650,000 Par value of common shares $20 $30 $7,000,000 Par value of cumulative preferred shares Paid-in capital in excess of par-common stock Paid-in capital in excess of par-preferred stock Total retained earnings before the stock dividend is declared $0 $33,500,000 No treasury share have been reissued. Preferred Dividends Common Dividends Total Cash Dividends Year Total Per Share Total Per Share Year 1 30,000 30,000 0.20 0 0.00 Year 2 54,000 54,000 0.36 0 0.00 Year 3 87,000 51,000 0.34 36,000 0.09 Year 4 105,000 45,000 0.3 60,000 0.15 Year 5 117,000 45,000 0.3 72,000 0.18 Year 6 165,000 45,000 0.3 120,000 0.3