Scotland Corporation had net income for 2018 of $75,000. Scotland had 9,000 shares of common stock outstanding at the beginning of the year and 21,000 shares of common stock outstanding at the end of the year. There were 11,000 shares of preferred stock outstanding all year. During 2018, Scotland declared and paid preferred dividends of $23,000. What is Scotland's earnings per share? (Round the answer to two decimal places.) A. $5.00 B. $3.57 C. $3.47 OD. $2.48 Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 30,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $24.00 per share. Earned net income of $70,000. Paid no dividends. At the end of 2018, what is total stockholders' equity? O A. $720,000 B. $70,000 O C. $30,000 O D. $790,000 May, Inc. had the following transactions in 2019, its first year of operations: Issued 22,000 shares of common stock. The stock has par value of $1.00 per share and was issued at $14.00 per share. Issued 1,500 shares of $160.00 par value preferred stock at par. Earned net income of $35,000. Paid no dividends. At the end of 2019, what is the total amount of paid in capital? A. $262,000 B. $548,000 C. $308,000 D. $583,000 > Which of the following is included in the entry to record the issuance of 7,000 shares of $6 par value common stock at $13 per share for cash? A. Common Stock is debited for $42,000. B. Cash is debited for $91,000. C. Paid In Capital in Excess of ParCommon is debited for $49,000. D. Common Stock is credited for $91,000