Q 13 Concord Corporation declared a $226000 cash dividend. It currently has 11700 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Concord distribute to the common stockholders?

$93600.

$132400.

None.

$179200.

Q: 14 At the beginning of 2021, Concord Corporation had retained earnings of $390000. During the year Concord reported net income of $107000, sold treasury stock at a gain of $36500, declared a cash dividend of $59600, and declared and issued a small stock dividend of 3090 shares ($10 par value) when the fair value of the stock was $18 per share. The amount of retained earnings available for dividends at the end of 2021 was

$418280.

$381780.

$443000.

$406500.

Q: 15

Sunland Company had the following information in its financial statements for the year ended 2020 and 2021:

Common cash dividends for the year 2021	$ 21200
Net income for the year ended 2021	121000
Market price of stock, 12/31/21	24
Common stockholders equity, 12/31/20	2250000
Common stockholders equity, 12/31/21	2650000
Outstanding shares, 12/31/21	148200
Preferred dividends for the year ended 2021	31600

What is the book value per share for Sunland Company for the year ended 2021?

$15.18

$17.55

$17.68

$17.88