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Preferred stock- 7%, $70 par value; 3,000 shares authorized, 1,500 shares issued and outstanding Common stock-$1.50 par value; 120,000 shares authorized, 68,000 shares issued, 65,000
Preferred stock- 7%, $70 par value; 3,000 shares authorized, 1,500 shares issued and outstanding Common stock-$1.50 par value; 120,000 shares authorized, 68,000 shares issued, 65,000 shares outstanding PIC in excess of ParCommon, $232,000 TreasuryCommon; 3,000 shares at cost (Bought t $5.17 per share) Net income: $248,500 Minimum dividend paid to preferred stockholders No changes in common shares outstanding. 1. Fill in the following chart. Amount Paid in Capital Preferred Stockpar value Common Stockpar value PIC in excess of ParCommon Treasury stock 2. Compute EPS for the year Earnings Per Share
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