Q.4. The stockholders' equity section of Elmwood Corporation's balance sheet appears as follows: Stockholders' equity: 8% preferred stock, $100 par value, 200,000 shares authorized .... $12,000,000 Common stock, $5 par value, 5,000,000 shares authorized 14,000,000 Additional paid-in capital: Preferred stock. $360,000 Common stock 30,800,000 31,160,000 Retained earnings 2.680,000 Total stockholders' equity $59,840,000 Instructions On the basis of this information, answer the following questions and show any necessary supporting computations: a. How many shares of preferred stock have been issued? b. What is the total annual dividend requirement on the outstanding preferred stock? c. How many shares of common stock have been issued? d. What was the average price per share received by the corporation for its common stock? e. What is the total amount of legal capital? f. What is the total paid-in capital? g. What is the book value per share of common stock? (Assume no dividends in arrears.) (10) Best of Luck