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Smith Corporation's December 31, 2017 balance sheet showed the following: $ 500,000 6% preferred stock, $20 par value, cumulative, 40,000 shares authorized: 25.000 shares issued
Smith Corporation's December 31, 2017 balance sheet showed the following: $ 500,000 6% preferred stock, $20 par value, cumulative, 40,000 shares authorized: 25.000 shares issued Common stock, $10 par value, 4,000,000 shares authorized: 2,600,000 shares issued, 2,560,000 shares outstanding Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock Retained eamings Treasury stock (40,000 shares) 26,000,000 80,000 37,000,000 12,200,000 840,000 a) Calculate the total Paid in Capital b) Calculate the total Stockholders Equity c) Calculate the treasury stock per share d) Calculate the Preferred Stock dividend. e) If the Smith Corporation declared and paid an $35,000 dividend on December 31, 20 preferred stockholders receive. How much will common stockholders receive
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