please provide the answer to 8.37

i cant get it better quality then the last two images

3. Net income for the year was $1,480 (in thousands). 4. The fiscal 2023 preferred dividends were paid in full. Assume that ail 64,000 shares were outstanding throughout the year ended June 30,2023 . 5. A cash dividend of $0.30 per share was declared and paid to common stockholders. Assume that transactions 1 and 2 occurred before the dividend was declared. 6. The preferred stock was split 2 for 1 on June 30, 2023. (Note: This transaction had no effect on transaction 4.) Requireds a. Calculate the dollar amotunts that DeZurik Corp, would report for each stockholders' equity caption on its June 30, 2023, balance sheet after recording the effects of transactions 16. Note that total stockholders' equity at June 30, 2023 of $52,922 (in thousands), is provided as a check figure. (Hints To determine the Retained Earnings balance, begin with the June 30,2022 , balance of $14,020 (in thousands) as determined in Case 8.36 , and then make adjustments for the effects of transactions 35.) b. Indicate how the stockholders' equity eaption details for DeZurik Corp. would change for the June 30, 2023, balance sheet, as compared to the disclosures shown in Case 8.36 for the 2022 balance sheet. c. What was the average issue price of common stock shown on the June 30,2023 , balance sheet? Case Capstone analytical review of chyptes, , , and .. Analyzing financing leases, notes payable, preferred 8.38 stock, and common stock (Note: Please refer to Case 4.32 in frist for the financial statement data needed for , the analysis of this case. You should also review the solution to Case 4.32, provided by your instructor, before attempting to complete this case) Your conversation with Mr, Gerrard, which took place in February 2023 (see Case 6.37), continued as follows: Mr. Gerrurt. I've been talking with my accountant about our capital expansion needs, which will be contiderable during the next couple of years. To stay in a strong competitive position, we're constantly buying new pleces of earthmoving equipment and replacing machinery that has become obsolete. What it all comes down to is financing, and it's not easy to raise 530 millice to 160 miltion all at once. There are a number of options, including dealer financing, but the interest rates offered by banks are urually lower. Yor reply: From reviewing your balance sheet, I can see that you've got a lot of notes payable already. How th your page 318 relationship with your bank? Mr. Gerravi: Actually, we use several banks and we have an excellent credit history, so getting the moncy is aot a major problem. The problem is that we already owe more than $150million and I don' r want to get overextended. Your reply, Have you considered long-term leases? Mr. Gerrad: Yea. This is essentially how dealer financing works. Usually it is arranged as a lease with an option to buy the equipment after a number of years. We've been actively looking into this with our Cat dealer for several scrapers that we need to put on abig job immediately, I can show you one of the contracts involved. Your reply, OK, IIl have a look at the contracts, but this sounds like a long-term financing lease: Mr. Gernand. Yes, 1 think that's what my accountant called it. What matters most to me is that we get the equipment in place ASAP. but if you could explais what the accounting implications would be of entering into these types of arrangements, that might put me at ease about it. Your repiy No problem; will do. It would affect both your balance sheet and income statement, but in most respects a longterm financing lease is treated very much like a long term note payable with a bank. III give you a memo about it, But what about looking into other sources of equity financing? Have you considered any of these options? Mr. Grrard We're a family business and want to keep it that way. Our shares are publicly traded, but we're owned mostly by family members and employees. We've got a lot of retained earnings, but that's not the same thing as cash, you know. Should we be issuing bonds? Your reply, Issuing bonds is possible, but I was thinking more on the lines of preferred scock Are you fumiliar with this option? Mr. Gerrand: Not really. Isn't preferred stock a lot like bonds plyable? Your reply: Maybe this is something else I shoald include in my memo: an explanation of the differences between common stock: preferred stock, and bondis payahle. Mr. Gerrand: Yes, please do. se Analytical case (part 1)-calculate missing stockholders equity amounts for 2022 QNote The information 6 presented in this case is also used for Case 8.37. For now you can ignore the 2023 column in the balance shect; all ,disclosures presented here relate to the June 30,2022 , balance sheet.) DeZurik Corp. had the following stockholders' requity section in its June 30, 2022, balance sheer (in thousands, except share and per share amounts): Required: a. Calculate the par value per share of preferred stock and determine the preferred atock dividend percentage. b. Calculate the amount that should be shown on the bolance sheet for common stock at June 30,2022. c. What was the average issue price of common stock shown on the June 30,2022 , balance sheet? d. How many shares of treasury stock does DeZurik Corp, own at June 30,2022 ? e. Assume that the treasury shares were purchased for $21 per share. Calculate the amount that should be shown on the balance sheet for treasury stock at June 30,2022 f. Calculate the retained earnings balance at June 30,2022 , after you have completed parts a-e. (Hint: Keep in mind that Treasury Stock is a contra account.) 9. (Optional) Assume that the Retained Earnings balance on July 1, 2021, was $13,400 (in thousands) page 317 and that net income for the year ended June 30,2022 , was 5908 (in thousands). The 2022 preferred dividends were paid in full, and no other dividend transactions were recorded during the year, Verify that the amount shown in the solution to part f is correct. (Ht: Prepare a statement of retained earnings or do a T-account analysis to determine the June 30,2022, balance.) Analytical case (part 2)-prepare stockholders' equity amounts and disclosures for 2023 using transaction information (Note You should review the solution to Case 8.36, provided by your instructor, before attempting to complete this case) The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30,2023 , are summarized here: 1. 160,000 shares of common stock were issued at $21.25 per share. 2. 40,000 shares of treasury (common) stock were sold for $21 per share. 3. Net income for the year was $1,480 (in thousands). 4. The fiscal 2023 preferred dividends were paid in full. Assume that ail 64,000 shares were outstanding throughout the year ended June 30,2023 . 5. A cash dividend of $0.30 per share was declared and paid to common stockholders. Assume that transactions 1 and 2 occurred before the dividend was declared. 6. The preferred stock was split 2 for 1 on June 30, 2023. (Note: This transaction had no effect on transaction 4.) Requireds a. Calculate the dollar amotunts that DeZurik Corp, would report for each stockholders' equity caption on its June 30, 2023, balance sheet after recording the effects of transactions 16. Note that total stockholders' equity at June 30, 2023 of $52,922 (in thousands), is provided as a check figure. (Hints To determine the Retained Earnings balance, begin with the June 30,2022 , balance of $14,020 (in thousands) as determined in Case 8.36 , and then make adjustments for the effects of transactions 35.) b. Indicate how the stockholders' equity eaption details for DeZurik Corp. would change for the June 30, 2023, balance sheet, as compared to the disclosures shown in Case 8.36 for the 2022 balance sheet. c. What was the average issue price of common stock shown on the June 30,2023 , balance sheet? Case Capstone analytical review of chyptes, , , and .. Analyzing financing leases, notes payable, preferred 8.38 stock, and common stock (Note: Please refer to Case 4.32 in frist for the financial statement data needed for , the analysis of this case. You should also review the solution to Case 4.32, provided by your instructor, before attempting to complete this case) Your conversation with Mr, Gerrard, which took place in February 2023 (see Case 6.37), continued as follows: Mr. Gerrurt. I've been talking with my accountant about our capital expansion needs, which will be contiderable during the next couple of years. To stay in a strong competitive position, we're constantly buying new pleces of earthmoving equipment and replacing machinery that has become obsolete. What it all comes down to is financing, and it's not easy to raise 530 millice to 160 miltion all at once. There are a number of options, including dealer financing, but the interest rates offered by banks are urually lower. Yor reply: From reviewing your balance sheet, I can see that you've got a lot of notes payable already. How th your page 318 relationship with your bank? Mr. Gerravi: Actually, we use several banks and we have an excellent credit history, so getting the moncy is aot a major problem. The problem is that we already owe more than $150million and I don' r want to get overextended. Your reply, Have you considered long-term leases? Mr. Gerrad: Yea. This is essentially how dealer financing works. Usually it is arranged as a lease with an option to buy the equipment after a number of years. We've been actively looking into this with our Cat dealer for several scrapers that we need to put on abig job immediately, I can show you one of the contracts involved. Your reply, OK, IIl have a look at the contracts, but this sounds like a long-term financing lease: Mr. Gernand. Yes, 1 think that's what my accountant called it. What matters most to me is that we get the equipment in place ASAP. but if you could explais what the accounting implications would be of entering into these types of arrangements, that might put me at ease about it. Your repiy No problem; will do. It would affect both your balance sheet and income statement, but in most respects a longterm financing lease is treated very much like a long term note payable with a bank. III give you a memo about it, But what about looking into other sources of equity financing? Have you considered any of these options? Mr. Grrard We're a family business and want to keep it that way. Our shares are publicly traded, but we're owned mostly by family members and employees. We've got a lot of retained earnings, but that's not the same thing as cash, you know. Should we be issuing bonds? Your reply, Issuing bonds is possible, but I was thinking more on the lines of preferred scock Are you fumiliar with this option? Mr. Gerrand: Not really. Isn't preferred stock a lot like bonds plyable? Your reply: Maybe this is something else I shoald include in my memo: an explanation of the differences between common stock: preferred stock, and bondis payahle. Mr. Gerrand: Yes, please do. se Analytical case (part 1)-calculate missing stockholders equity amounts for 2022 QNote The information 6 presented in this case is also used for Case 8.37. For now you can ignore the 2023 column in the balance shect; all ,disclosures presented here relate to the June 30,2022 , balance sheet.) DeZurik Corp. had the following stockholders' requity section in its June 30, 2022, balance sheer (in thousands, except share and per share amounts): Required: a. Calculate the par value per share of preferred stock and determine the preferred atock dividend percentage. b. Calculate the amount that should be shown on the bolance sheet for common stock at June 30,2022. c. What was the average issue price of common stock shown on the June 30,2022 , balance sheet? d. How many shares of treasury stock does DeZurik Corp, own at June 30,2022 ? e. Assume that the treasury shares were purchased for $21 per share. Calculate the amount that should be shown on the balance sheet for treasury stock at June 30,2022 f. Calculate the retained earnings balance at June 30,2022 , after you have completed parts a-e. (Hint: Keep in mind that Treasury Stock is a contra account.) 9. (Optional) Assume that the Retained Earnings balance on July 1, 2021, was $13,400 (in thousands) page 317 and that net income for the year ended June 30,2022 , was 5908 (in thousands). The 2022 preferred dividends were paid in full, and no other dividend transactions were recorded during the year, Verify that the amount shown in the solution to part f is correct. (Ht: Prepare a statement of retained earnings or do a T-account analysis to determine the June 30,2022, balance.) Analytical case (part 2)-prepare stockholders' equity amounts and disclosures for 2023 using transaction information (Note You should review the solution to Case 8.36, provided by your instructor, before attempting to complete this case) The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30,2023 , are summarized here: 1. 160,000 shares of common stock were issued at $21.25 per share. 2. 40,000 shares of treasury (common) stock were sold for $21 per share