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Statement of retained earnings Hayes Enterprises began 2019 with a retained eamings balance of $940,000. During 2019, the firm earned $372.000 after taxes. From
Statement of retained earnings Hayes Enterprises began 2019 with a retained eamings balance of $940,000. During 2019, the firm earned $372.000 after taxes. From this amount, preferred stockholders were paid $58,400 in dividends. At year-end 2019, the firm's retained earnings totaled $1,049,000. The firm had 143,000 shares of common stock outstanding during 2019. a. Prepare a statement of retained eamings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.) b. Calculate the firm's 2019 earnings per share (EPS). c. How large a per-share cash dividend did the firm pay on common stock during 20197 a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.) The cash dividends paid on common stock are $(Round to the nearest dollar) Complete the statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises below: (Round to the nearest dollar) Hayes Enterprises Statement of Retained Earnings for the Year Ended December 31, 2019 Retained earnings balance (January 1, 2019) Plus: Net profits after taxes (for 2019) Less Cash dividends (paid during 2019) Preferred stock Common stock Retained eamings (December 31, 2019) b. Calculate the firm's 2019 earnings per share (EPS) $ The firm's 2019 eamings per share are $ (Round to the nearest cent.) e. How large a per-share cash dividend did the firm pay on common stock during 20199 The cash dividend paid on common stock during 2019 was $ (Round to the nearest cent.)
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