Q No 1: A) Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2009: 6 cumulative preferred stock, $100 par, 10,000 shares $600,000 authorized, 6,000 shares issued Common stock, $3 par, 500,000 shares authorized, 300,000 $900,000 shares issued and outstanding Additional paid-in capital: preferred stock $60,000 Additional paid-in capital: common stock $1.900.000 Retained earnings $1,090,000 Dividends have been declared and paid for 2009. Answer the below given questions a). Grant's total legal capital at December 31, 2009, is: b). The total amount of Grant's paid-in capital at December 31, 2009, is: c). The average issue price per share of Grant's preferred stock was: d). The book value per share of common stock is: e). The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2009 was $980,000. What was the amount of dividend declared on each share of common stock during 2009? f). On September 1, 2009. Maryland Corporation's common stock was selling at a market price of $200 per share. On that date. Maryland announced a 3 for 2 stock split. At what price would you expect the stock to trade immediately after the split goes into effect? B). 1. ABC Company has 200,000 shares of $10 par common stock outstanding. ABC issues a 5 for 1 stock split. What are the number of common shares outstanding and what is the par value of those shares after the 5 for 1 stock split? Prepare the entry. 2. On December 1, 20x1 the directors of Green Inc. declare a $1.00 per share cash dividend on 100.000 shares of $5 par value common stock. The dividend is payable on January 10, 20X2 to shareholders of record on December 28, 20X1. Prepare the entry. 3. Cayman Corporation begins operations on March 1 by issuing 100,000 shares of $1 par value common stock for cash at $12 per share. On March 28, Cayman issues 1,500 shares of $10 par value preferred stock for cash at $30 per share. Cayman Corporation begins operations on March 1 by issuing 100,000 shares of $1 par value common stock for cash at $12 per share. On March 28, Cayman issues 1,500 shares of $10 par value preferred stock for cash at $30 per share. Prepare journal entries and stockholder's equity of Cayman corporation