Pranks, Inc. Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout 2016, and 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 calculated before the distribution of the stock dividend is made. The company has two classes of stock: com on stock and cumulative preferred stock. You've been able to retrieve the following information so far: Number of common shares authorized 900,000 750,000 Number of common shares issued Par value of common shares $20 Par value of cumulative preferred shares $30 Paid-in capital in excess of par-common stock $7,000,000 Paid-in capital in excess of par-preferred stock $0 Total retained earnings before the stock dividend is declared $33,500,000 Total Cash Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share 2011 40,000 40,000 0.20 0.000 2012 72,000 72,000 0.36 0.000 45,000 2013 113,000 68,000 0.34 0.09 2014 135,000 60,000 0.30 75,000 0.15 2015 150,000 60,000 0.30 90,000 0.18 60,000 210,000 150,000 2016 0.30 0.30