stockholders' Equity (9 pts.) Common stock, $4 par, 300,000 shares authorized 80,000 Additional paid-in capital 1,200,000 Retained earnings 5,600,000 Total $6,880,000 Less: Treasury stock (1,000 common shares at cost) 68,000 Total Stockholders' Equity $6,812,000 Bindex, Inc. Income Statement reported Net Income for the year as $845,000 Directions: Answer the following questions for Bindex, Incorporated. Show all calculations, with lab the space provided. 1. How many shares of common stock are authorized? 2. How many shares of common stock are issued? 3. How many shares of common stock are outstanding: 4. How many of the common shares will receive dividends when they are paid? 5. How much did Bindex, Incorporated pay for each share of Treasury stock? 6. If a total of $50,000 dividends are paid, how much will shareholders receive per share? 7. What is the total amount of contributed capital at December 31, 2018? 8. Calculate the EPS (Earnings per share) for 2018. 9. Calculate the Price/Earnings ratio if each share was selling for $60/share