Question Three You are planning to analyze Wendy companys December 31 2011 statement of financial position. The folowing information is available: 1. Beginning and ending balances are identical for both accouts recievable and inventory 2. Net income is sh.1,300,000 3. Times interest earned is 5 (income taxes are zero). company has 5% bonds outstanding issued at par 4. Net profit margin is 10%. Gross profit margin 30%. Inventory turnover is 5 times 5. Average collection period is 72 days 6. Sales to end of year working capital s 4. Current ratio is 1.5 7. Acid test ratio is 1.0 (excludes prepaid expenses) 8. Plant and equipment is sh.6000,000, it is one-third depreciated 9. Dividend paid on 8% non participating prefered are sh40,000. Thereis no change in common shares. The prefered shares were isssued two years ago at par 10. Earnings per share are sh.3.75 11. Common stock has a sh.5 par value and was issued at par 12. Retained earnings at January 1, 2011 are sh.350,000 Required: a) Given the information available , prepare the company statement of financial position at December 31, 2011 (include the following account classifications: cash, inventory, prepaid expenses, plant and equipment(net), current liabilities and shareholders equity b) Determine the amount of dividend paid on the common stock in year 2011