Stockholders equity of Farm Corp. consist of 100,000 shares of $25 par stock, additional paid in capital $1,500,000 and retained earnings of $6,440,000. Rafael owns 1,000 of outstanding shares.

1) In column A below, fill in the blanks based on data given

2) In column B fill in the blanks based on data given, but after $1.50 per share cash dividend has been declared and paid

3) In column C fill in the blanks based on data given, but after 5% stock dividend has been declared and distributed. The value of Farm Corp. stock is $30. (ignore instructions in 2 when making these calculations.

a) Total number of shares outstanding

b) Total par value shares outstanding

c) Total additional paid in capital

d) Total retaining earnings

e) Total stockholders equity

f) Amount to pay a $1.50 per share cash dividend next year (assume no changes on Capital structure)

g) % of total stock owned by Rafael

h) Total number of shares owned by Rafael

i) Total value of Rafael shares

j) Total equity of Rafael shares

k) Equity per share

A B C

Before After After

any Cash stock

Dividend Dividend Dividend

a)

b)

c)

d)

e)

f)

i)

j)

k)