Required information

[The following information applies to the questions displayed below.] Bacon Inc. has the following stockholders equity section in its May 31, 2019, comparative balance sheets:

	May 31, 2019			April 30, 2019
Paid-in capital:
Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding	$	16,800,000		$	16,800,000
Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively		?			2,700,000
Additional paid-in capital		26,100,000			23,220,000
Retained earnings		36,200,000			34,640,000
Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively		(4,412,000	)		(4,148,000	)
Total stockholders' equity 1. Price per share--------- 2. What was the average cost per share of the common stock purchased for the treasury during the month Cost per share ----- 3. During may dividends on perferred stock equal to one half of the 2019 dividend requirement were declared and paid. There were no common dividends declared or paid in may. calcuate ne income for may Net income---- 3. Assume that on June the board of directors declared a cash dividend of 0.60 per share on the outsstanding shares of common stock. The dividend will be payable on july 15 to stockholders of record on june 13. Calcuate the total amount of the dividend. Total cash dividend-----