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The company declared a 3% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market

The company declared a 3% common stock dividend on December 1, and would like you to compute the following pieces of missing information. The market value of the common shares is $24.00 on December 1, and is $30.00 on the actual distribution date of the stock, December 31.

Fill in the missing information in the following table, using the information given and your work on the other panels. All before items are before the stock dividend was declared. All after items are after the stock dividend was declared and closing entries were recorded at the end of the year.

Total paid-in capital before the stock dividend
Total retained earnings before the stock dividend
Total stockholders equity before the stock dividend
Total paid-in capital after the stock dividend
Total retained earnings after the stock dividend
Total stockholders equity after the stock dividend

Points:

Pranks, Inc. is a manufacturer of joke and novelty products for perpetrators of practical jokes. The corporation has paid several cash dividends throughout Year 6, the current year. It is also declaring a stock dividend to its stockholders as the calendar year-end approaches. Youve been brought in as a consultant to assist with this process, and also to help determine whether some missing information can be determined before the distribution of the stock dividend is made. The company has two classes of stock: common stock and cumulative preferred stock.

Youve been able to retrieve the following information so far:

Number of common shares authorized 900,000
Number of common shares issued 750,000
Par value of common shares $20
Par value of cumulative preferred shares $30
Paid-in capital in excess of par-common stock $7,000,000
Paid-in capital in excess of par-preferred stock $0
Total retained earnings before the stock dividend is declared $33,500,000
No treasury shares have been reissued.

Total Cash

Preferred Dividends

Common Dividends

Year

Dividends

Total

Per Share

Total

Per Share

Year 1 20,000 20,000 0.20 0 0.00
Year 2 36,000 36,000 0.36 0 0.00
Year 3 79,000 34,000 0.34 45,000 0.09
Year 4 105,000 30,000 0.30 75,000 0.15
Year 5 120,000 30,000 0.30 90,000 0.18
Year 6 180,000 30,000 0.30 150,000 0.30

Fill in the missing information in the following table, using the information given and your work on the other panels. All before items are before the stock dividend was declared. All after items are after the stock dividend was declared and closing entries were recorded at the end of the year.

Total paid-in capital before the stock dividend
Total retained earnings before the stock dividend
Total stockholders equity before the stock dividend
Total paid-in capital after the stock dividend
Total retained earnings after the stock dividend
Total stockholders equity after the stock dividend

The asnweres i got are wrong

22,000.000

this one is right 33,500,000

55,500,000

22,540,000

32,960,000

55,500,00

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