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Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $993,000. During 2015, the firm earned 5446,000 after taxes. From this
Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $993,000. During 2015, the firm earned 5446,000 after taxes. From this amount, preferred stockholders were paid $61,000 in dividends. At year-end 2015, the firm's retained earnings totaled $1,188,000. The firm had 136,000 shares of common stock outstanding during 2015. a. Prepare a statement of retained eamings for the year ended December 31, 2015, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2015.) b. Calculate the firm's 2015 earnings per share (EPS), c. How large a per-share cash dividend did the firm pay on common stock during 2015? a. Complete the statement of retained earnings for the year ended December 31, 2015, for Hayes Enterprises below: (Round to the nearest dollar.) Hayes Enterprises Statement of Retained Earnings for the Year Ended December 31, 2015 Retained earnings balance (January 1, 2015) S Plus: Net profits after taxes (for 2015) Less: Cash dividends (paid during 2015) Preferred stock Common stock Retained earnings (December 31, 2015) S b. The firm's 2015 earnings per share (EPS) is $. (Round to the nearest cent.) c. The per-share cash dividend the fim paid on common stock during 2015 is $. (Round to the nearest cent.) Enter any number in the edit fields and then continue to the next
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