Pranks, inc is a manufachurer of joke and nevelty products tor perpetrators of practical jokes. The corporation has paid several cish divitents throughout 2010 , tie curent year ut is ako dechung a strck divideod to its stockholders as the calendar year end approaches: Youve been brought in as a consultant to assint with this process, and also io heip selerine ate the some missing information can be calculated before the distnbuson of the stock dividend is made. The company has two classes of tock coramon atock and cireulafive pisfeited 3 tock Yourve teen able to retrieve the following intormation so far Pranks, Inc You ve been able to retrieve the following intormation so far: 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 900,000 600,000 $20 $30 $7,000,000 $0 $33,500,000 \begin{tabular}{ccccccc} & Total Cash & \multicolumn{2}{c}{ Preferred Dividends } & & \multicolumn{2}{c}{ Common Dividends } \\ \cline { 6 - 7 } \cline { 6 - 7 } Year & Dividends & Total & Per Share & & Total & Per Share \\ \hline 2011 & 20,000 & 20,000 & 0.20 & 0 & 0.00 \\ 2012 & 36,000 & 36,000 & 0.36 & 0 & 0.00 \\ 2013 & 88,000 & 34,000 & 0.34 & 54,000 & 0.09 \\ 2014 & 120,000 & 30,000 & 0.30 & 90,000 & 0.15 \\ 2015 & 138,000 & 30,000 & 0.30 & & 108,000 & 0.18 \\ 2016 & 210,000 & 30,000 & 0.30 & 180,000 & 0.30 \end{tabular} Manapembnt would the you fo determine some information ficen the data vorve collected regarding its outsiandeg stock. Fil wh the answas below How many stares of common stock are outstanding? How many shares of pueferied stock are outstanding? What is the preferred dividend as a percent of par? The company declared a 25 common stock dividend on December 1 , and would ike you to cilculate the foltowing pieces of missing informiation The market value of the cuminon shares $26.00 on December 1 , and is $30.00 on the actual distribusion date of the stock, December 31 Fal in the missing information below, using the indomation given and your work on the other paneis Al "before' ifems are before the stock dvidend was declared Alt "atter derts are affer the stock divolend was declared and closing enties were recorded at the end of the year